Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $107.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target increased by Stifel Nicolaus from $92.00 to $107.00 in a research report report published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

WH has been the subject of several other research reports. Oppenheimer upped their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price target for the company. Finally, Robert W. Baird lifted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Wyndham Hotels & Resorts Stock Down 0.4 %

Shares of WH opened at $97.61 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock has a market capitalization of $7.59 billion, a PE ratio of 30.99, a P/E/G ratio of 2.49 and a beta of 1.31. The firm’s 50 day moving average is $87.02 and its 200-day moving average is $78.47. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $98.83.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping 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 firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same period in the prior year, the company earned $1.31 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that Wyndham Hotels & Resorts will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.56%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

Insider Activity at Wyndham Hotels & Resorts

In other news, CFO Michele Allen sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the sale, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This trade represents a 59.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. This represents a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,890 shares of company stock valued at $9,273,255. 2.79% of the stock is owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

Several institutional investors and hedge funds have recently bought and sold shares of WH. Assetmark Inc. bought a new position in shares of Wyndham Hotels & Resorts in the third quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after buying an additional 207 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares during the last quarter. Finally, Concord Wealth Partners grew its position in 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 in the last quarter. 93.46% of the stock is currently 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.