Robert W. Baird Lowers Wyndham Hotels & Resorts (NYSE:WH) Price Target to $86.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target trimmed by Robert W. Baird from $87.00 to $86.00 in a report issued on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, StockNews.com started coverage on Wyndham Hotels & Resorts in a research note on Friday. They set a hold rating for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $88.00.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH opened at $69.91 on Friday. The firm has a market capitalization of $5.66 billion, a PE ratio of 20.56, a P/E/G ratio of 3.18 and a beta of 1.35. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $75.86 and a two-hundred day moving average of $76.68. Wyndham Hotels & Resorts has a 12 month low of $63.69 and a 12 month high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $321.00 million during the quarter, compared to analyst estimates of $321.35 million. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, research analysts forecast that Wyndham Hotels & Resorts will post 4.22 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 44.71%.

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction dated 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 owns 11,404 shares in the company, valued at $900,916. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC purchased a new position in Wyndham Hotels & Resorts in the first quarter valued at about $270,000. Raymond James & Associates lifted its holdings in Wyndham Hotels & Resorts by 17.9% during the 1st quarter. Raymond James & Associates now owns 67,437 shares of the company’s stock worth $5,176,000 after buying an additional 10,224 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Wyndham Hotels & Resorts by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock worth $1,562,000 after buying an additional 400 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Wyndham Hotels & Resorts by 17.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 104,609 shares of the company’s stock worth $8,029,000 after buying an additional 15,599 shares during the last quarter. Finally, Benson Investment Management Company Inc. lifted its holdings in Wyndham Hotels & Resorts by 0.7% during the 1st quarter. Benson Investment Management Company Inc. now owns 57,684 shares of the company’s stock worth $4,427,000 after buying an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

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.