Wyndham Hotels & Resorts, Inc. (NYSE:WH) Receives $88.00 Consensus Price Target from Brokerages

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) have earned a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $88.00.

A number of research firms have issued reports on WH. Barclays cut their price target on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a report on Friday, April 19th. They set a “hold” rating on the stock. Finally, Robert W. Baird cut their target price on Wyndham Hotels & Resorts from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, April 19th.

Insider Activity at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction on Tuesday, March 12th. The stock was 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 of the company’s stock, valued at approximately $900,916. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at $2,011,000. Wellington Management Group LLP increased its position in shares of Wyndham Hotels & Resorts by 150.2% during the 3rd 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 during the last quarter. Kennedy Capital Management LLC increased its position in shares of Wyndham Hotels & Resorts by 31.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 77,229 shares of the company’s stock valued at $5,371,000 after purchasing an additional 18,511 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Wyndham Hotels & Resorts by 53.3% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 66,851 shares of the company’s stock valued at $4,649,000 after purchasing an additional 23,253 shares during the last quarter. Finally, LRT Capital Management LLC increased its position in shares of Wyndham Hotels & Resorts by 31.2% during the 3rd quarter. LRT Capital Management LLC now owns 66,605 shares of the company’s stock valued at $4,632,000 after purchasing an additional 15,843 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $75.41 on Friday. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.97 and a beta of 1.35. Wyndham Hotels & Resorts has a 52-week low of $63.69 and a 52-week high of $81.73. The stock’s 50 day moving average price is $75.59 and its two-hundred day moving average price is $76.67. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. On average, equities analysts predict that Wyndham Hotels & Resorts will post 4.19 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.38 dividend. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 44.71%.

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.