Wyndham Hotels & Resorts (NYSE:WH) Upgraded at Wells Fargo & Company

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

A number of other research analysts have also issued reports on the company. Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial upped their target price 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. Oppenheimer lifted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group boosted their price target on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.10.

Wyndham Hotels & Resorts Stock Up 1.7 %

Shares of NYSE:WH opened at $100.73 on Friday. The firm has a market capitalization of $7.84 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $105.16. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50-day moving average is $98.77 and its two-hundred day moving average is $84.87.

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

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, December 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.51%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 48.25%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares in the company, valued at approximately $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. This trade represents a 17.92 % 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 valued at $8,881,849 in the last ninety days. Insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp increased its stake in Wyndham Hotels & Resorts by 91.9% in the third quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock valued at $2,396,000 after purchasing an additional 14,688 shares during the period. Thrivent Financial for Lutherans increased its position in Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after acquiring an additional 506,593 shares during the period. Natixis Advisors LLC increased its position in Wyndham Hotels & Resorts by 37.7% in the 3rd quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after acquiring an additional 9,463 shares during the period. The Manufacturers Life Insurance Company raised its stake in Wyndham Hotels & Resorts by 15.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company’s stock valued at $5,027,000 after acquiring an additional 8,389 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its position in Wyndham Hotels & Resorts by 35.0% during the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock worth $10,549,000 after acquiring an additional 35,000 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

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.