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

Wyndham Hotels & Resorts (NYSE:WH) had its price objective upped by Barclays from $88.00 to $90.00 in a report issued on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

WH has been the topic of a number of other reports. Stifel Nicolaus dropped their price target on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a buy rating on the stock in a research report on Thursday. Robert W. Baird increased their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a research report on Friday, April 26th. Truist Financial reduced their price target on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a buy rating for the company in a report on Friday. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a report on Saturday, June 22nd. They issued a hold rating on the stock. Finally, Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They issued a neutral rating and a $80.00 target price for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of Moderate Buy and an average price target of $89.43.

Wyndham Hotels & Resorts Stock Down 0.0 %

NYSE:WH opened at $76.57 on Friday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 2.74 and a beta of 1.34. Wyndham Hotels & Resorts has a one year low of $65.63 and a one year high of $81.73. The stock has a 50-day simple moving average of $72.35 and a 200 day simple moving average of $74.77. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.12.

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

Wyndham Hotels & Resorts Announces Dividend

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several hedge funds have recently modified their holdings of WH. Norges Bank acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter worth $71,677,000. Balyasny Asset Management L.P. grew its holdings in shares of Wyndham Hotels & Resorts by 219.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock worth $86,789,000 after acquiring an additional 740,992 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after acquiring an additional 581,909 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Wyndham Hotels & Resorts by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after acquiring an additional 543,488 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Wyndham Hotels & Resorts by 1,186.0% during the first quarter. Janus Henderson Group PLC now owns 509,441 shares of the company’s stock valued at $39,092,000 after buying an additional 469,827 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.