Wyndham Hotels & Resorts (NYSE:WH) Given New $103.00 Price Target at Truist Financial

Wyndham Hotels & Resorts (NYSE:WH) had its target price cut by Truist Financial from $104.00 to $103.00 in a research report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus dropped their price objective on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a buy rating for the company in a research note on Thursday, July 25th. Barclays upped their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an overweight rating in a research note on Friday, July 26th. Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They set a neutral rating and a $80.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a buy rating and a $96.00 price objective on the stock. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a sell rating to a hold rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of Moderate Buy and a consensus target price of $90.13.

Wyndham Hotels & Resorts Trading Down 0.5 %

NYSE:WH opened at $81.36 on Monday. The company has a market capitalization of $6.56 billion, a P/E ratio of 28.85, a P/E/G ratio of 2.76 and a beta of 1.33. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50 day moving average price is $77.46 and its 200 day moving average price is $74.36. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $82.17.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The firm had revenue of $367.00 million during the quarter, compared to analyst estimates of $370.58 million. During the same period in the prior year, the company posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, research analysts forecast that Wyndham Hotels & Resorts will post 4.27 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.87%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the sale, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the sale, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,640 shares of company stock worth $974,351. Insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of hedge funds have recently bought and sold shares of WH. Virtu Financial LLC grew its stake in shares of Wyndham Hotels & Resorts by 62.8% in the 4th quarter. Virtu Financial LLC now owns 5,071 shares of the company’s stock valued at $408,000 after purchasing an additional 1,956 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Wyndham Hotels & Resorts by 41.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 899,282 shares of the company’s stock valued at $72,311,000 after acquiring an additional 262,031 shares during the period. Wellington Management Group LLP grew its position in Wyndham Hotels & Resorts by 10.9% during the fourth quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock valued at $445,881,000 after acquiring an additional 543,488 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth about $314,000. Finally, Nomura Holdings Inc. purchased a new position in Wyndham Hotels & Resorts in the fourth quarter valued at about $329,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.