Robert W. Baird Increases Wyndham Hotels & Resorts (NYSE:WH) Price Target to $88.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective raised by Robert W. Baird from $86.00 to $88.00 in a research note released on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. StockNews.com began coverage on Wyndham Hotels & Resorts in a report on Friday, April 19th. They issued a hold rating on the stock. Barclays lowered 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $88.43.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH opened at $73.79 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.11. The stock has a fifty day moving average price of $75.51 and a two-hundred day moving average price of $76.66. Wyndham Hotels & Resorts has a 1 year low of $63.69 and a 1 year high of $81.73. The firm has a market cap of $5.98 billion, a P/E ratio of 26.17, a PEG ratio of 3.13 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. Research analysts forecast that Wyndham Hotels & Resorts will post 4.21 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. Wyndham Hotels & Resorts’s payout ratio is presently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.79% of the stock is currently owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd grew its stake in shares of Wyndham Hotels & Resorts by 2.3% during the third quarter. WINTON GROUP Ltd now owns 6,517 shares of the company’s stock worth $453,000 after purchasing an additional 144 shares during the period. Janney Capital Management LLC increased its stake in shares of Wyndham Hotels & Resorts by 3.1% in the 4th quarter. Janney Capital Management LLC now owns 4,887 shares of the company’s stock valued at $393,000 after acquiring an additional 145 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of Wyndham Hotels & Resorts by 1.9% in the 4th quarter. Tributary Capital Management LLC now owns 7,700 shares of the company’s stock valued at $619,000 after acquiring an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Wyndham Hotels & Resorts by 4.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,739 shares of the company’s stock valued at $260,000 after acquiring an additional 147 shares during the period. Finally, Allworth Financial LP grew its holdings in Wyndham Hotels & Resorts by 62.6% during the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after purchasing an additional 152 shares during the period. 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.