Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $88.00 at Barclays

Wyndham Hotels & Resorts (NYSE:WH) had its price objective hoisted by Barclays from $87.00 to $88.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

WH has been the subject of several other reports. StockNews.com started coverage on Wyndham Hotels & Resorts in a research note on Friday, April 19th. They set a hold rating for the company. Robert W. Baird boosted their price target on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a research report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $88.43.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $73.79 on Friday. Wyndham Hotels & Resorts has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The firm has a market capitalization of $5.98 billion, a P/E ratio of 26.17, a PEG ratio of 3.13 and a beta of 1.35. The stock has a 50-day simple moving average of $75.51 and a two-hundred day simple moving average of $76.66. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.11.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. On average, equities analysts forecast that Wyndham Hotels & Resorts will post 4.21 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.38 per share. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.90%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of the company’s 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 transaction, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.79% of the stock is owned by company insiders.

Institutional Trading of Wyndham Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $2,011,000. Wellington Management Group LLP grew its stake in shares of Wyndham Hotels & Resorts by 150.2% in the third quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock worth $347,812,000 after acquiring an additional 3,002,259 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Wyndham Hotels & Resorts by 31.5% during the third quarter. Kennedy Capital Management LLC now owns 77,229 shares of the company’s stock worth $5,371,000 after acquiring an additional 18,511 shares during the period. Brandywine Global Investment Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 53.3% in the third quarter. Brandywine Global Investment Management LLC now owns 66,851 shares of the company’s stock valued at $4,649,000 after acquiring an additional 23,253 shares in the last quarter. Finally, LRT Capital Management LLC grew its stake in Wyndham Hotels & Resorts by 31.2% during the 3rd quarter. LRT Capital Management LLC now owns 66,605 shares of the company’s stock worth $4,632,000 after purchasing an additional 15,843 shares in the last quarter. Hedge funds and other institutional investors 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.