Robert W. Baird Lowers Wyndham Hotels & Resorts (NYSE:WH) Price Target to $86.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target trimmed by Robert W. Baird from $87.00 to $86.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, StockNews.com assumed coverage on Wyndham Hotels & Resorts in a report on Friday. They set a hold rating for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $88.00.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $69.91 on Friday. The stock has a market cap of $5.66 billion, a PE ratio of 20.56, a P/E/G ratio of 3.18 and a beta of 1.35. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90. Wyndham Hotels & Resorts has a twelve month low of $63.69 and a twelve month high of $81.73. The stock has a fifty day simple moving average of $75.86 and a 200-day simple moving average of $76.68.

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

Wyndham Hotels & Resorts Increases Dividend

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

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at approximately $900,916. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several institutional investors have recently bought and sold shares of WH. Allworth Financial LP boosted its stake in shares of Wyndham Hotels & Resorts by 62.6% in the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after buying an additional 152 shares during the period. Systematic Alpha Investments LLC purchased a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at about $37,000. Chilton Capital Management LLC purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $47,000. Covestor Ltd boosted its stake in shares of Wyndham Hotels & Resorts by 68.3% in the 3rd 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 stake in shares of Wyndham Hotels & Resorts by 41,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after buying an additional 822 shares during the period. 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.