Wyndham Hotels & Resorts (NYSE:WH) Upgraded to “Buy” at Redburn Atlantic

Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts (NYSE:WH) from a neutral rating to a buy rating in a research report report published on Monday morning, MarketBeat.com reports. Redburn Atlantic currently has $115.00 price target on the stock.

Several other brokerages have also recently weighed in on WH. Robert W. Baird lifted their price objective on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Susquehanna upped their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Jefferies Financial Group increased their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Morgan Stanley lifted their price target on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $116.08.

Wyndham Hotels & Resorts Trading Down 0.4 %

WH stock opened at $91.99 on Monday. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $113.07. The company has a market capitalization of $7.15 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. The company’s 50-day simple moving average is $102.38 and its 200 day simple moving average is $95.28. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.41 per share. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.78%. Wyndham Hotels & Resorts’s payout ratio is presently 45.18%.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in Wyndham Hotels & Resorts by 4.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the company’s stock valued at $638,000 after purchasing an additional 288 shares in the last quarter. Forum Financial Management LP purchased a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at about $232,000. Public Employees Retirement System of Ohio lifted its position in Wyndham Hotels & Resorts by 71.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 49,616 shares of the company’s stock worth $5,001,000 after buying an additional 20,670 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Wyndham Hotels & Resorts by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company’s stock worth $231,947,000 after buying an additional 37,832 shares in the last quarter. Finally, Castleark Management LLC bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $6,556,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.