Wyndham Hotels & Resorts (NYSE:WH) Price Target Cut to $119.00 by Analysts at Truist Financial

Wyndham Hotels & Resorts (NYSE:WH) had its price objective reduced by Truist Financial from $122.00 to $119.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also commented on WH. Wells Fargo & Company lifted their price target on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Jefferies Financial Group lifted their price target on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. 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 research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.18.

Wyndham Hotels & Resorts Stock Down 0.4 %

Shares of Wyndham Hotels & Resorts stock opened at $90.76 on Friday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $7.06 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $113.07. The company has a 50-day simple moving average of $102.92 and a two-hundred day simple moving average of $94.84.

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

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.64 annualized dividend and a yield of 1.81%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s payout ratio is currently 45.18%.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several large investors have recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in Wyndham Hotels & Resorts by 5.3% during the fourth quarter. Boston Partners now owns 3,853,527 shares of the company’s stock valued at $388,462,000 after purchasing an additional 192,221 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in Wyndham Hotels & Resorts by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company’s stock valued at $231,947,000 after purchasing an additional 37,832 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Wyndham Hotels & Resorts by 3.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company’s stock valued at $182,460,000 after purchasing an additional 63,006 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Wyndham Hotels & Resorts by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company’s stock valued at $143,038,000 after purchasing an additional 81,730 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Wyndham Hotels & Resorts by 24,953.8% during the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock valued at $134,414,000 after purchasing an additional 1,328,292 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

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.