Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $88.00 at Robert W. Baird

Wyndham Hotels & Resorts (NYSE:WH) had its target price lifted by Robert W. Baird from $86.00 to $88.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently issued reports on the company. StockNews.com assumed coverage on Wyndham Hotels & Resorts in a report on Friday, April 19th. They set a hold rating on the stock. Barclays cut their price target on shares of Wyndham Hotels & Resorts from $90.00 to $87.00 and set an overweight rating on the stock in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $88.43.

Wyndham Hotels & Resorts Price Performance

WH stock opened at $73.79 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.11. The firm has a market cap of $5.98 billion, a P/E ratio of 26.17, a P/E/G ratio of 3.13 and a beta of 1.35. The firm’s fifty day moving average is $75.51 and its 200 day moving average is $76.66. Wyndham Hotels & Resorts has a 52 week low of $63.69 and a 52 week high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same period last year, the company earned $0.86 EPS. Wyndham Hotels & Resorts’s revenue for the quarter was down 2.6% compared to the same quarter last year. Research analysts predict that Wyndham Hotels & Resorts will post 4.21 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.38 dividend. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. 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%. Wyndham Hotels & Resorts’s payout ratio is 53.90%.

Insider Activity

In related news, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction that occurred 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 $900,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Wyndham Hotels & Resorts by 150.2% during the third 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 during the last quarter. Norges Bank purchased a new position in Wyndham Hotels & Resorts in the fourth quarter worth about $71,677,000. Balyasny Asset Management L.P. increased its stake in Wyndham Hotels & Resorts by 219.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock worth $86,789,000 after acquiring an additional 740,992 shares during the last quarter. Invesco Ltd. raised its position in Wyndham Hotels & Resorts by 55.2% during the third 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 during the period. Finally, PointState Capital LP bought a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at approximately $18,646,000. 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.