Barclays Trims Wyndham Hotels & Resorts (NYSE:WH) Target Price to $87.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price cut by Barclays from $90.00 to $87.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also weighed in on WH. Robert W. Baird cut their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an outperform rating for the company in a research report on Friday. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a research report on Friday. They set a hold rating for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Wyndham Hotels & Resorts has an average rating of Moderate Buy and an average target price of $88.00.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $69.92 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90. The stock has a market cap of $5.66 billion, a P/E ratio of 20.56, a PEG ratio of 3.18 and a beta of 1.35. The company has a 50-day moving average of $76.06 and a two-hundred day moving average of $76.66. Wyndham Hotels & Resorts has a 12-month low of $63.69 and a 12-month high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $321.35 million. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. As a group, research analysts predict that Wyndham Hotels & Resorts will post 4.22 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 2.17%. Wyndham Hotels & Resorts’s dividend payout ratio is 44.71%.

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction 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 $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in WH. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 2.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,631 shares of the company’s stock worth $646,000 after purchasing an additional 157 shares during the period. HighTower Advisors LLC raised its holdings in shares of Wyndham Hotels & Resorts by 5.4% during the first quarter. HighTower Advisors LLC now owns 6,609 shares of the company’s stock worth $558,000 after purchasing an additional 340 shares during the period. Citigroup Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 7.8% during the first quarter. Citigroup Inc. now owns 38,595 shares of the company’s stock worth $3,268,000 after purchasing an additional 2,783 shares during the period. Panagora Asset Management Inc. acquired a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth $1,358,000. Finally, APG Asset Management N.V. acquired a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth $723,000. 93.46% of the stock is owned by institutional investors and hedge funds.

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.