Wyndham Hotels & Resorts, Inc. (NYSE:WH) Given Average Recommendation of “Moderate Buy” by Brokerages

Wyndham Hotels & Resorts, Inc. (NYSE:WH) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $87.00.

Several analysts have weighed in on the company. Barclays upped their target price on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 26th. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Saturday, June 22nd. They set a “hold” rating for the company. Finally, Susquehanna assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They issued a “neutral” rating and a $80.00 price target on the stock.

Insiders Place Their Bets

In related news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the sale, the chief executive officer now owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,076 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $67.81, for a total transaction of $276,393.56. Following the transaction, the insider now owns 28,912 shares in the company, valued at $1,960,522.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the sale, the chief executive officer now owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The disclosure for this sale can be found here. Insiders sold 206,933 shares of company stock worth $15,130,227 over the last three months. 2.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in Wyndham Hotels & Resorts during the 4th quarter valued at $2,011,000. Norges Bank acquired a new position in Wyndham Hotels & Resorts in the fourth quarter worth about $71,677,000. Wellington Management Group LLP grew its stake in Wyndham Hotels & Resorts by 150.2% in the third quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock worth $347,812,000 after purchasing an additional 3,002,259 shares in the last quarter. Axiom Investors LLC DE increased its holdings in Wyndham Hotels & Resorts by 231.5% in the fourth quarter. Axiom Investors LLC DE now owns 106,980 shares of the company’s stock valued at $8,602,000 after buying an additional 74,705 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in Wyndham Hotels & Resorts by 3.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,276,150 shares of the company’s stock valued at $102,615,000 after buying an additional 45,062 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $72.80 on Friday. Wyndham Hotels & Resorts has a 52 week low of $65.63 and a 52 week high of $81.73. The company has a 50-day moving average price of $71.93 and a 200 day moving average price of $75.52. The company has a market cap of $5.87 billion, a P/E ratio of 25.82, a PEG ratio of 2.53 and a beta of 1.34. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share 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 analyst estimates of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. Wyndham Hotels & Resorts’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. Research analysts predict that Wyndham Hotels & Resorts will post 4.26 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

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.