Robert W. Baird started coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a report published on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $62.00 target price on the stock.
A number of other research analysts have also recently commented on WH. Zacks Investment Research cut shares of Wyndham Hotels & Resorts from a buy rating to a hold rating in a research report on Thursday, August 15th. Bank of America began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, June 12th. They set a buy rating and a $62.00 price target on the stock. Barclays began coverage on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 2nd. They set an overweight rating and a $72.00 price target on the stock. Finally, Stifel Nicolaus set a $65.00 price target on shares of Wyndham Hotels & Resorts and gave the company a buy rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Wyndham Hotels & Resorts currently has a consensus rating of Buy and a consensus target price of $67.38.
Shares of WH opened at $49.87 on Wednesday. The firm’s 50 day simple moving average is $56.31 and its 200 day simple moving average is $54.37. The company has a market capitalization of $4.89 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.33 and a beta of 1.03. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.24 and a quick ratio of 1.24. Wyndham Hotels & Resorts has a 1-year low of $43.03 and a 1-year high of $61.49.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, September 12th. Wyndham Hotels & Resorts’s payout ratio is 42.80%.
In other Wyndham Hotels & Resorts news, EVP Michele Allen sold 4,475 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $56.12, for a total transaction of $251,137.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David B. Wyshner acquired 2,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $50.37 per share, with a total value of $100,740.00. The disclosure for this purchase can be found here. Insiders purchased 22,000 shares of company stock valued at $1,102,840 in the last ninety days. 1.90% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in WH. Hanson & Doremus Investment Management purchased a new position in Wyndham Hotels & Resorts during the 2nd quarter worth approximately $25,000. Prestige Wealth Management Group LLC purchased a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at $39,000. Coastal Capital Group Inc. purchased a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at $41,000. Country Trust Bank grew its holdings in shares of Wyndham Hotels & Resorts by 100.0% during the 2nd quarter. Country Trust Bank now owns 800 shares of the company’s stock valued at $42,000 after acquiring an additional 400 shares in the last quarter. Finally, Coastal Investment Advisors Inc. purchased a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at $49,000. 87.62% of the stock is owned by institutional investors and hedge funds.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.
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