Wyndham Hotels & Resorts, Inc. (NYSE:WH) Receives $88.00 Average Target Price from Analysts

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) have received an average recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $88.00.

Several equities analysts have recently commented on WH shares. Robert W. Baird lowered their price objective on Wyndham Hotels & Resorts from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. StockNews.com started coverage on Wyndham Hotels & Resorts in a report on Friday, April 19th. They issued a “hold” rating on the stock. Finally, Barclays cut their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Friday, April 19th.

Insiders Place Their Bets

In related news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at $900,916. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of WH. Louisiana State Employees Retirement System increased its position in Wyndham Hotels & Resorts by 2.6% during the first quarter. Louisiana State Employees Retirement System now owns 23,900 shares of the company’s stock valued at $1,834,000 after acquiring an additional 600 shares during the last quarter. PFG Investments LLC bought a new position in Wyndham Hotels & Resorts during the 1st quarter valued at about $270,000. Raymond James & Associates raised its position in Wyndham Hotels & Resorts by 17.9% in the 1st quarter. Raymond James & Associates now owns 67,437 shares of the company’s stock worth $5,176,000 after purchasing an additional 10,224 shares during the period. State of Michigan Retirement System lifted its stake in Wyndham Hotels & Resorts by 2.0% in the first quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock worth $1,562,000 after purchasing an additional 400 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Wyndham Hotels & Resorts by 17.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 104,609 shares of the company’s stock valued at $8,029,000 after buying an additional 15,599 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Up 2.3 %

WH stock opened at $71.50 on Friday. The business’s 50-day moving average price is $75.72 and its 200-day moving average price is $76.71. The stock has a market cap of $5.79 billion, a P/E ratio of 21.03, a PEG ratio of 3.18 and a beta of 1.35. Wyndham Hotels & Resorts has a twelve month low of $63.69 and a twelve month high of $81.73. 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 posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $321.35 million. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. On average, equities research analysts forecast that Wyndham Hotels & Resorts will post 4.22 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, March 14th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 44.71%.

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.