Wyndham Hotels & Resorts (NYSE:WH) Rating Increased to Buy at Redburn Atlantic

Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts (NYSE:WH) from a neutral rating to a buy rating in a research report report published on Monday morning, MarketBeat reports. Redburn Atlantic currently has $115.00 price target on the stock.

Several other research firms also recently weighed in on WH. The Goldman Sachs Group boosted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird upped their price objective on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Barclays boosted their price target on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company raised their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.08.

Wyndham Hotels & Resorts Trading Up 2.0 %

Shares of WH opened at $92.50 on Monday. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $113.07. The stock has a 50-day moving average price of $102.75 and a 200 day moving average price of $95.20. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $7.19 billion, a P/E ratio of 25.48, a P/E/G ratio of 1.87 and a beta of 1.28.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.77%. This is a positive change 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 payout ratio is presently 45.18%.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Large investors have recently made changes to their positions in the company. Empowered Funds LLC increased its position in Wyndham Hotels & Resorts by 44.3% in the 3rd quarter. Empowered Funds LLC now owns 7,677 shares of the company’s stock valued at $600,000 after acquiring an additional 2,355 shares during the period. Natixis Advisors LLC increased its holdings in shares of Wyndham Hotels & Resorts by 37.7% during the third quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after purchasing an additional 9,463 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Wyndham Hotels & Resorts by 87.2% in the third quarter. Intech Investment Management LLC now owns 5,901 shares of the company’s stock worth $461,000 after purchasing an additional 2,749 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Wyndham Hotels & Resorts by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company’s stock valued at $56,423,000 after buying an additional 7,241 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.