Wyndham Hotels & Resorts (NYSE:WH) Upgraded by Wells Fargo & Company to “Overweight” Rating

Wells Fargo & Company upgraded shares of Wyndham Hotels & Resorts (NYSE:WH) from an equal weight rating to an overweight rating in a report published on Friday, MarketBeat Ratings reports. The brokerage currently has $114.00 price objective on the stock, up from their prior price objective of $103.00.

Several other analysts also recently issued reports on WH. The Goldman Sachs Group upped their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays lifted their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their target price on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Oppenheimer upped their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Truist Financial raised their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $108.10.

Wyndham Hotels & Resorts Price Performance

WH opened at $100.73 on Friday. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 2.42 and a beta of 1.30. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $105.16. The stock has a fifty day moving average price of $99.02 and a 200 day moving average price of $85.22.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. Analysts forecast that Wyndham Hotels & Resorts will post 4.29 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at $904,939.44. This represents a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,850 shares of company stock worth $8,881,849 over the last three months. Company insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at approximately $30,000. Nomura Asset Management Co. Ltd. raised its holdings in Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after purchasing an additional 203 shares in the last quarter. Concord Wealth Partners grew its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after buying an additional 291 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at $49,000. 93.46% of the stock is owned by institutional investors.

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 following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.