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

StockNews.com started coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a report published on Friday morning. The brokerage issued a hold rating on the stock.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $69.91 on Friday. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.18 and a beta of 1.35. Wyndham Hotels & Resorts has a 12 month low of $63.69 and a 12 month high of $81.73. The firm has a fifty day simple moving average of $75.86 and a 200 day simple moving average of $76.68. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90.

Wyndham Hotels & Resorts (NYSE:WH) last issued 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. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The firm had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $321.35 million. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. Research analysts forecast that Wyndham Hotels & Resorts will post 4.22 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

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

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the 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 completion of the sale, the chief accounting officer now owns 11,404 shares in the company, valued at $900,916. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of WH. Capital Research Global Investors grew its holdings in Wyndham Hotels & Resorts by 3.2% during the fourth quarter. Capital Research Global Investors now owns 7,168,527 shares of the company’s stock worth $576,421,000 after purchasing an additional 220,737 shares during the period. Wellington Management Group LLP raised its stake in Wyndham Hotels & Resorts by 10.9% in the fourth quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock valued at $445,881,000 after buying an additional 543,488 shares during the period. FMR LLC lifted its position in shares of Wyndham Hotels & Resorts by 2.7% in the third quarter. FMR LLC now owns 2,492,340 shares of the company’s stock valued at $173,317,000 after buying an additional 64,925 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Wyndham Hotels & Resorts by 55.2% during the 3rd quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock worth $93,043,000 after acquiring an additional 475,682 shares during the period. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Wyndham Hotels & Resorts by 3.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,276,150 shares of the company’s stock worth $102,615,000 after acquiring an additional 45,062 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

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.