Wyndham Hotels & Resorts (NYSE:WH) PT Lowered to $89.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target lowered by Stifel Nicolaus from $91.50 to $89.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also weighed in on WH. Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a report on Friday, April 26th. Susquehanna assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a neutral rating and a $80.00 price objective for the company. StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Saturday, June 22nd. They issued a hold rating for the company. Finally, Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an overweight rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $89.43.

Wyndham Hotels & Resorts Trading Down 0.0 %

WH opened at $76.57 on Thursday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.12 and a quick ratio of 0.70. Wyndham Hotels & Resorts has a fifty-two week low of $65.63 and a fifty-two week high of $81.73. The firm has a market capitalization of $6.17 billion, a PE ratio of 27.15, a P/E/G ratio of 2.74 and a beta of 1.34. The company’s 50-day moving average is $72.35 and its 200 day moving average is $74.77.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The company had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. During the same quarter in the prior year, the business posted $0.93 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts predict that Wyndham Hotels & Resorts will post 4.26 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Insider Activity

In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott R. Strickland sold 4,076 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $67.81, for a total transaction of $276,393.56. Following the completion of the transaction, the insider now directly owns 28,912 shares of the company’s stock, valued at $1,960,522.72. The disclosure for this sale can be found here. Insiders sold 206,933 shares of company stock valued at $15,130,227 in the last three months. Company insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WH. Raymond James Financial Services Advisors Inc. boosted its holdings in Wyndham Hotels & Resorts by 11.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,424 shares of the company’s stock valued at $677,000 after purchasing an additional 875 shares during the period. Pacer Advisors Inc. boosted its holdings in Wyndham Hotels & Resorts by 114.5% in the 4th quarter. Pacer Advisors Inc. now owns 15,259 shares of the company’s stock valued at $1,227,000 after purchasing an additional 8,145 shares during the period. Assenagon Asset Management S.A. bought a new position in Wyndham Hotels & Resorts in the 4th quarter valued at $2,011,000. Chilton Capital Management LLC bought a new position in Wyndham Hotels & Resorts in the 4th quarter valued at $47,000. Finally, GAM Holding AG bought a new position in Wyndham Hotels & Resorts in the 4th quarter valued at $322,000. 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.