Zacks Investment Research Downgrades Wyndham Hotels & Resorts (NYSE:WH) to Hold

Zacks Investment Research downgraded shares of Wyndham Hotels & Resorts (NYSE:WH) from a buy rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

According to Zacks, “Wyndham Hotels and Resorts provide hotel and resort chain. It operates primarily in Canada, Mexico, Colombia, Ecuador, Turkey, Germany, the UK, the Caribbean and Margarita Island in Venezuela. Wyndham Hotels and Resorts is headquartered in New Jersey, United States. “

A number of other analysts have also commented on the company. Barclays started coverage on Wyndham Hotels & Resorts in a research note on Tuesday, July 2nd. They issued an overweight rating and a $72.00 price target for the company. Bank of America started coverage on Wyndham Hotels & Resorts in a research report on Wednesday, June 12th. They set a buy rating and a $62.00 price objective for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Wyndham Hotels & Resorts presently has an average rating of Buy and a consensus price target of $67.71.

Shares of WH stock opened at $49.94 on Thursday. The stock has a fifty day moving average of $57.26 and a 200 day moving average of $54.42. Wyndham Hotels & Resorts has a 52 week low of $43.03 and a 52 week high of $61.49. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.29 and a beta of 1.03. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.62.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. The company had revenue of $533.00 million during the quarter, compared to analyst estimates of $532.61 million. During the same quarter last year, the firm posted $0.73 earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. Equities research analysts anticipate that Wyndham Hotels & Resorts will post 3.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.32%. The ex-dividend date is Thursday, September 12th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 42.80%.

In other news, Director Ronald L. Nelson acquired 10,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $49.95 per share, with a total value of $499,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicola Rossi sold 1,500 shares of Wyndham Hotels & Resorts stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $55.46, for a total value of $83,190.00. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $25,000. Prestige Wealth Management Group LLC purchased a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $39,000. Coastal Capital Group Inc. purchased a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $41,000. Country Trust Bank raised its position in shares of Wyndham Hotels & Resorts by 100.0% in the 2nd quarter. Country Trust Bank now owns 800 shares of the company’s stock worth $42,000 after purchasing an additional 400 shares during the last quarter. Finally, Coastal Investment Advisors Inc. purchased a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $49,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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