Wyndham Hotels & Resorts (NYSE:WH) Now Covered by Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a research note published on Thursday, Marketbeat.com reports. The firm issued an equal weight rating and a $103.00 target price on the stock.

Several other equities research analysts have also weighed in on WH. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial boosted their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays raised their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $100.38.

Wyndham Hotels & Resorts Stock Up 0.8 %

Shares of NYSE:WH opened at $101.88 on Thursday. The company’s fifty day moving average is $89.33 and its two-hundred day moving average is $79.60. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. Wyndham Hotels & Resorts has a 1-year low of $67.67 and a 1-year high of $102.24. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.56 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share. Equities analysts anticipate that Wyndham Hotels & Resorts will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

Insider Activity

In related news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at $2,297,104.68. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares in the company, valued at approximately $904,939.44. This trade represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock worth $8,881,849 over the last 90 days. 2.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in Wyndham Hotels & Resorts during the 3rd quarter valued at $30,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after buying an additional 190 shares in the last quarter. GAMMA Investing LLC raised its position in Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after buying an additional 207 shares during the period. First Horizon Advisors Inc. lifted its stake in Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares in the last quarter. Finally, Concord Wealth Partners boosted its position in Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds 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.