StockNews.com Upgrades Wyndham Hotels & Resorts (NYSE:WH) to “Hold”

StockNews.com upgraded shares of Wyndham Hotels & Resorts (NYSE:WH) from a sell rating to a hold rating in a research note released on Thursday morning.

WH has been the topic of several other reports. Susquehanna began 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 target on the stock. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a buy rating and a $96.00 target price for the company. Truist Financial reduced their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a buy rating on the stock in a report on Friday, July 26th. 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 report on Thursday, July 25th. Finally, Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an overweight rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of Moderate Buy and an average target price of $90.25.

Wyndham Hotels & Resorts Price Performance

NYSE:WH opened at $79.40 on Thursday. The stock has a 50 day moving average of $76.10 and a two-hundred day moving average of $74.12. Wyndham Hotels & Resorts has a 12 month low of $65.63 and a 12 month high of $81.73. The firm has a market cap of $6.40 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. The firm had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. On average, analysts expect that Wyndham Hotels & Resorts will post 4.27 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.91%. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Nicola Rossi sold 7,297 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the transaction, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at $823,661.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,640 shares of company stock worth $974,351. 2.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC grew its stake in Wyndham Hotels & Resorts by 7.4% in the 4th quarter. Private Advisor Group LLC now owns 3,644 shares of the company’s stock valued at $293,000 after buying an additional 251 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Wyndham Hotels & Resorts by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 999,921 shares of the company’s stock valued at $80,406,000 after acquiring an additional 84,888 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Wyndham Hotels & Resorts by 49.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 7,276 shares of the company’s stock valued at $585,000 after purchasing an additional 2,422 shares in the last quarter. Norges Bank bought a new stake in Wyndham Hotels & Resorts during the fourth quarter worth about $71,677,000. Finally, Quest Partners LLC acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter worth approximately $419,000. Hedge funds and other institutional investors 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.