Barclays Cuts Wyndham Hotels & Resorts (NYSE:WH) Price Target to $87.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price cut by Barclays from $90.00 to $87.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird dropped their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an outperform rating for the company in a research note on Friday. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a research note on Friday. They issued a hold rating for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Wyndham Hotels & Resorts currently has an average rating of Moderate Buy and an average price target of $88.00.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $69.91 on Friday. The firm has a 50 day moving average of $75.86 and a 200-day moving average of $76.68. Wyndham Hotels & Resorts has a 12 month low of $63.69 and a 12 month high of $81.73. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $5.66 billion, a PE ratio of 20.56, a PEG ratio of 3.18 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $321.35 million. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities research analysts predict that Wyndham Hotels & Resorts will post 4.22 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 44.71%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WH. Wellington Management Group LLP lifted its position in shares of Wyndham Hotels & Resorts by 150.2% during the third quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock valued at $347,812,000 after purchasing an additional 3,002,259 shares in the last quarter. Norges Bank bought a new position in shares of Wyndham Hotels & Resorts during the fourth quarter valued at about $71,677,000. Balyasny Asset Management L.P. lifted its position in shares of Wyndham Hotels & Resorts by 219.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock valued at $86,789,000 after purchasing an additional 740,992 shares in the last quarter. Invesco Ltd. lifted its position in shares of Wyndham Hotels & Resorts by 55.2% during the third quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock valued at $93,043,000 after purchasing an additional 475,682 shares in the last quarter. Finally, PointState Capital LP bought a new position in shares of Wyndham Hotels & Resorts during the third quarter valued at about $18,646,000. 93.46% of the stock is owned by institutional investors.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.