Wyndham Hotels & Resorts (NYSE:WH) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a research report report published on Tuesday. The firm issued a hold rating on the stock.

Wyndham Hotels & Resorts Stock Up 0.1 %

WH opened at $76.75 on Tuesday. The business’s fifty day moving average is $78.03 and its two-hundred day moving average is $76.50. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 3.48 and a beta of 1.35. Wyndham Hotels & Resorts has a one year low of $63.69 and a one year high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $321.35 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Analysts anticipate that Wyndham Hotels & Resorts will post 4.22 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s payout ratio is 44.71%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of Wyndham Hotels & Resorts by 2.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,631 shares of the company’s stock worth $646,000 after purchasing an additional 157 shares during the period. HighTower Advisors LLC increased its position in Wyndham Hotels & Resorts by 5.4% in the 1st quarter. HighTower Advisors LLC now owns 6,609 shares of the company’s stock valued at $558,000 after acquiring an additional 340 shares during the period. Citigroup Inc. increased its position in Wyndham Hotels & Resorts by 7.8% in the 1st quarter. Citigroup Inc. now owns 38,595 shares of the company’s stock valued at $3,268,000 after acquiring an additional 2,783 shares during the period. Panagora Asset Management Inc. acquired a new stake in Wyndham Hotels & Resorts in the 1st quarter valued at approximately $1,358,000. Finally, APG Asset Management N.V. acquired a new stake in Wyndham Hotels & Resorts in the 1st quarter valued at approximately $723,000. Hedge funds and other institutional investors 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.