StockNews.com Initiates Coverage on Wyndham Hotels & Resorts (NYSE:WH)

StockNews.com began coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a report released on Saturday. The brokerage issued a hold rating on the stock.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a research report on Friday. Barclays increased their price objective on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an overweight rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $88.17.

Wyndham Hotels & Resorts Stock Down 2.1 %

WH opened at $73.79 on Friday. Wyndham Hotels & Resorts has a 1-year low of $63.69 and a 1-year high of $81.73. The company has a current ratio of 0.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 3.06 and a beta of 1.35. The business has a 50 day moving average of $75.41 and a 200-day moving average of $76.71.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $308.24 million. During the same period in the prior year, the business earned $0.86 earnings per share. Wyndham Hotels & Resorts’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.23 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 14th. 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. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Insiders Place Their Bets

In other news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in WH. Wellington Management Group LLP boosted its stake in shares of Wyndham Hotels & Resorts by 150.2% in 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 in the last quarter. Norges Bank acquired a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at $71,677,000. Balyasny Asset Management L.P. boosted its stake 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 valued at $86,789,000 after purchasing an additional 740,992 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Wyndham Hotels & Resorts by 55.2% in the 3rd quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock valued at $93,043,000 after purchasing an additional 475,682 shares in the last quarter. Finally, PointState Capital LP bought a new position in shares of Wyndham Hotels & Resorts in the third quarter valued at about $18,646,000. Institutional investors and hedge funds 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.