Wyndham Hotels & Resorts (NYSE:WH) Insider Scott Strickland Sells 12,000 Shares of Stock

Wyndham Hotels & Resorts (NYSE:WH) insider Scott Strickland sold 12,000 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $79.77, for a total transaction of $957,240.00. Following the completion of the transaction, the insider owned 29,490 shares in the company, valued at approximately $2,352,417.30. The trade was a 28.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Wyndham Hotels & Resorts Stock Down 2.2%

Wyndham Hotels & Resorts stock opened at $78.99 on Friday. The firm has a 50 day moving average price of $73.26 and a 200-day moving average price of $77.88. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.69. Wyndham Hotels & Resorts has a twelve month low of $66.87 and a twelve month high of $90.35. The company has a market capitalization of $5.76 billion, a P/E ratio of 29.36, a P/E/G ratio of 1.97 and a beta of 0.64.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. Wyndham Hotels & Resorts had a net margin of 13.97% and a return on equity of 77.43%. The company had revenue of $410.00 million for the quarter, compared to analysts’ expectations of $408.99 million. During the same quarter in the previous year, the firm posted $1.46 EPS. Wyndham Hotels & Resorts’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Wyndham Hotels & Resorts will post 4.88 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 63.94%.

Wyndham Hotels & Resorts announced that its board has initiated a share buyback program on Tuesday, September 29th that permits the company to repurchase $400 million in shares. This repurchase authorization permits the company to purchase up to 7.6% of its shares through open market purchases. Share repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently commented on WH. Truist Financial dropped their price target on Wyndham Hotels & Resorts from $107.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $80.00 price objective on shares of Wyndham Hotels & Resorts in a research note on Thursday, July 23rd. Mizuho set a $95.00 price objective on shares of Wyndham Hotels & Resorts in a report on Friday, October 23rd. Weiss Ratings upgraded shares of Wyndham Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, November 4th. Finally, Stifel Nicolaus increased their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its position in shares of Wyndham Hotels & Resorts by 15.2% in the third quarter. Signaturefd LLC now owns 1,091 shares of the company’s stock valued at $78,000 after purchasing an additional 144 shares in the last quarter. Covestor Ltd lifted its holdings in Wyndham Hotels & Resorts by 55.4% during the 3rd quarter. Covestor Ltd now owns 586 shares of the company’s stock worth $42,000 after purchasing an additional 209 shares in the last quarter. GAMMA Investing LLC boosted its stake in Wyndham Hotels & Resorts by 14.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,858 shares of the company’s stock worth $156,000 after purchasing an additional 231 shares during the period. State of Michigan Retirement System boosted its stake in Wyndham Hotels & Resorts by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 18,153 shares of the company’s stock worth $1,475,000 after purchasing an additional 300 shares during the period. Finally, Continuum Advisory LLC bought a new position in Wyndham Hotels & Resorts in the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts is a hospitality company focused primarily on franchising hotels. It provides franchisees with access to hotel brands, reservation and loyalty platforms, and operational support, while serving travelers through properties across a range of price points and lodging styles. Its portfolio includes brands such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Microtel, Wingate, Trademark Collection and Registry Collection. The company’s hotels serve guests in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East.