Wyndham Hotels & Resorts, Inc. (NYSE:WH) Receives $88.17 Consensus Target Price from Brokerages

Wyndham Hotels & Resorts, Inc. (NYSE:WH) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $88.17.

WH has been the subject of a number of recent analyst reports. Barclays increased their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Friday. They issued a “hold” rating for the company. Finally, 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.

Wyndham Hotels & Resorts Trading Down 0.9 %

Shares of WH stock opened at $72.25 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27. The stock has a 50-day simple moving average of $71.60 and a 200 day simple moving average of $75.99. Wyndham Hotels & Resorts has a fifty-two week low of $65.54 and a fifty-two week high of $81.73. The stock has a market capitalization of $5.82 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.52 and a beta of 1.33.

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 net margin of 17.19% and a return on equity of 41.83%. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same quarter in the previous year, the business posted $0.86 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Wyndham Hotels & Resorts will post 4.25 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,076 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $67.81, for a total value of $276,393.56. Following the transaction, the insider now owns 28,912 shares in the company, valued at $1,960,522.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott R. Strickland sold 4,076 shares of the firm’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 value of $276,393.56. Following the completion of the transaction, the insider now directly owns 28,912 shares in the company, valued at $1,960,522.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 206,933 shares of company stock valued at $15,130,227. 2.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WH. Victory Capital Management Inc. boosted its holdings in Wyndham Hotels & Resorts by 7.9% during the third quarter. Victory Capital Management Inc. now owns 15,472 shares of the company’s stock valued at $1,076,000 after acquiring an additional 1,134 shares during the period. Jump Financial LLC acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at approximately $394,000. Swiss National Bank grew its holdings in Wyndham Hotels & Resorts by 0.6% in the 3rd quarter. Swiss National Bank now owns 188,800 shares of the company’s stock valued at $13,129,000 after buying an additional 1,100 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Wyndham Hotels & Resorts by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 661,266 shares of the company’s stock worth $45,984,000 after buying an additional 3,459 shares during the period. Finally, Pathstone Family Office LLC lifted its holdings in shares of Wyndham Hotels & Resorts by 67.7% during the third quarter. Pathstone Family Office LLC now owns 5,993 shares of the company’s stock worth $417,000 after buying an additional 2,420 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.