Wyndham Hotels & Resorts (NYSE:WH) Given New $88.00 Price Target at Barclays

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

Other equities research analysts also recently issued research reports about the company. Robert W. Baird raised their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a report on Friday. StockNews.com assumed coverage on Wyndham Hotels & Resorts in a research note on Friday, April 19th. They issued a hold rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $88.43.

Wyndham Hotels & Resorts Stock Down 2.1 %

NYSE WH opened at $73.79 on Friday. The stock has a market capitalization of $5.98 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. The stock has a fifty day moving average of $75.51 and a 200-day moving average of $76.66. Wyndham Hotels & Resorts has a 52 week low of $63.69 and a 52 week high of $81.73. 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 released its earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same period last year, the firm earned $0.86 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Wyndham Hotels & Resorts will post 4.21 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. Stockholders of record on Friday, March 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.90%.

Insider Activity

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were 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 in the company, valued at approximately $900,916. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in Wyndham Hotels & Resorts by 62.6% during the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after acquiring an additional 152 shares during the period. Systematic Alpha Investments LLC bought a new stake in Wyndham Hotels & Resorts in the third quarter worth approximately $37,000. Chilton Capital Management LLC bought a new stake in Wyndham Hotels & Resorts in the fourth quarter worth approximately $47,000. Covestor Ltd lifted its stake in Wyndham Hotels & Resorts by 68.3% in the third quarter. Covestor Ltd now owns 813 shares of the company’s stock valued at $57,000 after buying an additional 330 shares during the period. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 41,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock worth $66,000 after buying an additional 822 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

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.