Susquehanna Begins Coverage on Wyndham Hotels & Resorts (NYSE:WH)

Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts (NYSE:WHFree Report) in a report issued on Friday, MarketBeat.com reports. The brokerage issued a neutral rating and a $80.00 target price on the stock.

WH has been the subject of several other reports. Robert W. Baird increased their price target on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a report on Friday, April 26th. StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 14th. They set a hold rating on the stock. Finally, Barclays upped their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $87.00.

Read Our Latest Stock Analysis on Wyndham Hotels & Resorts

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $73.76 on Friday. The company has a 50-day simple moving average of $71.54 and a 200-day simple moving average of $75.81. Wyndham Hotels & Resorts has a one year low of $65.54 and a one year high of $81.73. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 2.55 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WHGet Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The business had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $308.24 million. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that Wyndham Hotels & Resorts will post 4.25 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,076 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $67.81, for a total transaction of $276,393.56. Following the transaction, the insider now owns 28,912 shares of the company’s stock, valued at $1,960,522.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the transaction, the chief executive officer now directly owns 377,712 shares in the company, valued at approximately $27,708,952.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 206,933 shares of company stock worth $15,130,227. 2.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised 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 acquiring an additional 152 shares during the period. Chilton Capital Management LLC acquired a new stake in Wyndham Hotels & Resorts during the 4th quarter valued at $47,000. Covestor Ltd grew its holdings in Wyndham Hotels & Resorts by 68.3% during the 3rd quarter. Covestor Ltd now owns 813 shares of the company’s stock valued at $57,000 after purchasing an additional 330 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in Wyndham Hotels & Resorts by 41,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after purchasing an additional 822 shares in the last quarter. Finally, Concord Wealth Partners grew its holdings in Wyndham Hotels & Resorts by 70.8% during the 1st quarter. Concord Wealth Partners now owns 1,023 shares of the company’s stock valued at $79,000 after purchasing an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

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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.

Further Reading

Analyst Recommendations for Wyndham Hotels & Resorts (NYSE:WH)

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