Wyndham Hotels & Resorts (NYSE:WH) Price Target Cut to $104.00 by Analysts at Truist Financial

Wyndham Hotels & Resorts (NYSE:WH) had its target price cut by Truist Financial from $105.00 to $104.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

WH has been the subject of a number of other research reports. 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. Robert W. Baird lifted their price objective on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a research report on Friday, April 26th. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an overweight rating in a research report on Friday, April 26th. Susquehanna assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They set a neutral rating and a $80.00 target price on the stock. Finally, Stifel Nicolaus reduced their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a buy rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $89.43.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $76.57 on Friday. The firm has a market capitalization of $6.17 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.74 and a beta of 1.34. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.12 and a quick ratio of 0.70. Wyndham Hotels & Resorts has a 1-year low of $65.63 and a 1-year high of $81.73. The company’s fifty day moving average price is $72.35 and its 200-day moving average price is $74.77.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts predict that Wyndham Hotels & Resorts will post 4.26 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.38 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.99%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Insiders Place Their Bets

In related news, insider Scott R. Strickland sold 4,040 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $69.46, for a total value of $280,618.40. Following the sale, the insider now directly owns 28,722 shares in the company, valued at approximately $1,995,030.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Scott R. Strickland sold 4,040 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $69.46, for a total transaction of $280,618.40. Following the sale, the insider now owns 28,722 shares in the company, valued at $1,995,030.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michele Allen sold 1,274 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $67.81, for a total transaction of $86,389.94. Following the sale, the chief financial officer now owns 25,056 shares in the company, valued at approximately $1,699,047.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,933 shares of company stock worth $15,130,227. 2.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WH. Norges Bank purchased a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $71,677,000. Balyasny Asset Management L.P. boosted its holdings in shares of Wyndham Hotels & Resorts by 219.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock worth $86,789,000 after buying an additional 740,992 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after buying an additional 581,909 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Wyndham Hotels & Resorts by 10.9% during the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after buying an additional 543,488 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Wyndham Hotels & Resorts by 1,186.0% during the 1st quarter. Janus Henderson Group PLC now owns 509,441 shares of the company’s stock worth $39,092,000 after buying an additional 469,827 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

About Wyndham Hotels & Resorts

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.