Wyndham Hotels & Resorts (NYSE:WH) Upgraded by Wells Fargo & Company to “Overweight” Rating

Wells Fargo & Company upgraded shares of Wyndham Hotels & Resorts (NYSE:WH) from an equal weight rating to an overweight rating in a report issued on Friday, MarketBeat.com reports. They currently have $114.00 price target on the stock, up from their prior price target of $103.00.

A number of other analysts have also recently commented on the company. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Oppenheimer increased their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus upped their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.10.

Wyndham Hotels & Resorts Price Performance

NYSE:WH opened at $100.73 on Friday. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The company has a 50 day moving average price of $98.77 and a 200-day moving average price of $84.87. Wyndham Hotels & Resorts has a 1-year low of $67.67 and a 1-year high of $105.16. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same quarter in the previous year, the company earned $1.31 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts forecast that Wyndham Hotels & Resorts will post 4.29 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.51%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

Insider Buying and Selling

In related news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares in the company, valued at approximately $33,343,424.71. This represents a 17.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michele Allen sold 15,000 shares of the stock in a transaction that occurred 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 owns 10,056 shares of the company’s stock, valued at $904,939.44. The trade was a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,850 shares of company stock worth $8,881,849. 2.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several large investors have recently modified their holdings of WH. Assetmark Inc. purchased a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $30,000. Nomura Asset Management Co. Ltd. increased its position in shares of Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares during the period. Concord Wealth Partners lifted its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the 3rd 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. Finally, Brooklyn Investment Group purchased a new position in shares of Wyndham Hotels & Resorts during the 3rd quarter worth approximately $49,000. 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 following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.