Wyndham Hotels & Resorts (NYSE:WH) PT Raised to $90.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price boosted by Barclays from $88.00 to $90.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on WH. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Saturday, June 22nd. They set a hold rating for the company. Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a report on Friday, June 21st. They set a neutral rating and a $80.00 price target for the company. Stifel Nicolaus reduced their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a buy rating on the stock in a research note on Thursday, July 25th. Truist Financial decreased their target price on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a buy rating on the stock in a research note on Friday. Finally, Robert W. Baird lifted their price objective on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $89.43.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $77.09 on Friday. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. The business has a 50-day moving average price of $72.48 and a 200-day moving average price of $74.74. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts has a twelve month low of $65.63 and a twelve month high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. During the same quarter in the prior year, the company earned $0.93 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Wyndham Hotels & Resorts will post 4.26 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CFO Michele Allen sold 1,264 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $69.46, for a total transaction of $87,797.44. Following the sale, the chief financial officer now owns 24,997 shares of the company’s stock, valued at approximately $1,736,291.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 1,264 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 24th. The stock was sold at an average price of $69.46, for a total value of $87,797.44. Following the completion of the transaction, the chief financial officer now owns 24,997 shares in the company, valued at approximately $1,736,291.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott R. Strickland sold 4,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 24th. The stock was sold at an average price of $69.46, for a total value of $280,618.40. Following the sale, the insider now directly owns 28,722 shares of the company’s stock, valued at $1,995,030.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,933 shares of company stock valued at $15,130,227. 2.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of large investors have recently modified their holdings of WH. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Wyndham Hotels & Resorts by 0.8% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 105,451 shares of the company’s stock worth $7,803,000 after buying an additional 835 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Wyndham Hotels & Resorts by 12.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 4,449 shares of the company’s stock valued at $329,000 after buying an additional 479 shares during the period. Banque Pictet & Cie SA increased its stake in Wyndham Hotels & Resorts by 9.0% in the 2nd quarter. Banque Pictet & Cie SA now owns 107,434 shares of the company’s stock worth $7,950,000 after acquiring an additional 8,857 shares during the last quarter. Tributary Capital Management LLC grew its stake in Wyndham Hotels & Resorts by 15.2% in the 2nd quarter. Tributary Capital Management LLC now owns 6,982 shares of the company’s stock worth $517,000 after buying an additional 922 shares in the last quarter. Finally, Family Firm Inc. bought a new stake in Wyndham Hotels & Resorts during the second quarter worth about $67,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.