Robert W. Baird Raises Wyndham Hotels & Resorts (NYSE:WH) Price Target to $88.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective lifted by Robert W. Baird from $86.00 to $88.00 in a research report report published on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on WH. StockNews.com started coverage on Wyndham Hotels & Resorts in a research note on Friday, April 19th. They set a hold rating on the stock. Barclays lowered their target price on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an overweight rating on the stock in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $88.17.

Wyndham Hotels & Resorts Stock Down 2.1 %

Shares of Wyndham Hotels & Resorts stock opened at $73.79 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90. Wyndham Hotels & Resorts has a 1 year low of $63.69 and a 1 year high of $81.73. The stock has a 50-day moving average price of $75.41 and a 200 day moving average price of $76.81. The company has a market cap of $5.98 billion, a P/E ratio of 26.17, a P/E/G ratio of 3.06 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. During the same quarter in the previous year, the business posted $0.86 EPS. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, analysts expect that Wyndham Hotels & Resorts will post 4.23 EPS for the current fiscal 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 issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend 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 payout ratio is currently 53.90%.

Insider Activity

In related news, CAO Nicola Rossi sold 3,200 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at approximately $900,916. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its holdings in Wyndham Hotels & Resorts by 62.6% in the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares during the last quarter. Systematic Alpha Investments LLC bought a new position in Wyndham Hotels & Resorts in the 3rd quarter worth approximately $37,000. Chilton Capital Management LLC bought a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $47,000. Covestor Ltd increased its position in Wyndham Hotels & Resorts by 68.3% in the 3rd quarter. Covestor Ltd now owns 813 shares of the company’s stock worth $57,000 after buying an additional 330 shares during the period. Finally, TFO Wealth Partners LLC increased its position in Wyndham Hotels & Resorts by 41,100.0% in 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 during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.