Wyndham Hotels & Resorts, Inc. (NYSE:WH) Given Consensus Rating of “Buy” by Brokerages

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $88.00.

Several brokerages recently weighed in on WH. Robert W. Baird decreased their target price on Wyndham Hotels & Resorts from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday. Barclays cut their price target on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Friday. Finally, StockNews.com began coverage on Wyndham Hotels & Resorts in a report on Friday. They issued a “hold” rating for the company.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $69.92 on Friday. The business has a 50 day moving average price of $76.06 and a 200 day moving average price of $76.60. Wyndham Hotels & Resorts has a twelve month low of $63.69 and a twelve month high of $81.73. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.16 and a beta of 1.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.90.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The firm had revenue of $321.00 million during the quarter, compared to the consensus estimate of $321.35 million. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts predict that Wyndham Hotels & Resorts will post 4.22 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 44.71%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its position in Wyndham Hotels & Resorts by 2.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,631 shares of the company’s stock worth $646,000 after acquiring an additional 157 shares during the last quarter. HighTower Advisors LLC grew its position in Wyndham Hotels & Resorts by 5.4% during the 1st quarter. HighTower Advisors LLC now owns 6,609 shares of the company’s stock worth $558,000 after acquiring an additional 340 shares during the last quarter. Citigroup Inc. grew its position in Wyndham Hotels & Resorts by 7.8% during the 1st quarter. Citigroup Inc. now owns 38,595 shares of the company’s stock worth $3,268,000 after acquiring an additional 2,783 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in Wyndham Hotels & Resorts during the 1st quarter worth approximately $1,358,000. Finally, APG Asset Management N.V. bought a new stake in Wyndham Hotels & Resorts during the 1st quarter worth approximately $723,000. 93.46% of the stock is owned by institutional investors and hedge funds.

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.