Wyndham Hotels & Resorts (NYSE:WH) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Wyndham Hotels & Resorts (NYSE:WH) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

WH has been the topic of several other reports. The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price on the stock. Barclays lifted their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Robert W. Baird raised their price target on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Nicolaus raised their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Truist Financial raised their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and an average price target of $95.00.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH traded down $0.30 during midday trading on Friday, reaching $88.02. 600,685 shares of the company were exchanged, compared to its average volume of 918,889. The stock has a market cap of $6.85 billion, a P/E ratio of 27.94, a PEG ratio of 2.20 and a beta of 1.31. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $91.93. The stock has a fifty day simple moving average of $80.51 and a 200 day simple moving average of $75.53. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. During the same period last year, the business posted $1.31 EPS. The company’s revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.73%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 48.25%.

Insider Buying and Selling

In related news, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the transaction, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,040 shares of company stock valued at $9,022,056. 2.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of institutional investors have recently made changes to their positions in WH. Assetmark Inc. acquired a new position in shares of Wyndham Hotels & Resorts in the third quarter worth $30,000. GAMMA Investing LLC raised its holdings in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares during the last quarter. Concord Wealth Partners raised its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after acquiring an additional 291 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after acquiring an additional 635 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Wyndham Hotels & Resorts in the second quarter worth $67,000. 93.46% of the stock is owned by institutional investors and hedge funds.

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.