Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $113.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price raised by Morgan Stanley from $107.00 to $113.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on WH. Wells Fargo & Company boosted their price target on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird boosted their price target on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Oppenheimer boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, Susquehanna boosted their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $116.45.

Wyndham Hotels & Resorts Stock Down 4.8 %

Shares of WH opened at $100.19 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm has a market cap of $7.79 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. The company’s 50-day moving average price is $104.91 and its 200 day moving average price is $93.70. Wyndham Hotels & Resorts has a 12-month low of $67.67 and a 12-month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. On average, sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.64%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 17th. Wyndham Hotels & Resorts’s dividend payout ratio is 41.87%.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Forum Financial Management LP acquired a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $232,000. Public Employees Retirement System of Ohio boosted its holdings in Wyndham Hotels & Resorts by 71.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 49,616 shares of the company’s stock valued at $5,001,000 after purchasing an additional 20,670 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Wyndham Hotels & Resorts by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company’s stock valued at $231,947,000 after purchasing an additional 37,832 shares in the last quarter. Castleark Management LLC acquired a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $6,556,000. Finally, State of Wyoming acquired a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $69,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.