StockNews.com upgraded shares of Wyndham Hotels & Resorts (NYSE:WH – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.
Shares of WH stock opened at $66.00 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.76 and a beta of 1.49. The stock has a 50 day simple moving average of $80.68 and a 200-day simple moving average of $83.26. Wyndham Hotels & Resorts has a 1-year low of $65.24 and a 1-year high of $93.86.
Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last announced its earnings results on Tuesday, April 26th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.29. The business had revenue of $371.00 million during the quarter, compared to the consensus estimate of $339.16 million. Wyndham Hotels & Resorts had a return on equity of 31.60% and a net margin of 19.91%. During the same period in the prior year, the company posted $0.36 EPS. Analysts anticipate that Wyndham Hotels & Resorts will post 3.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, June 14th. Wyndham Hotels & Resorts’s payout ratio is 36.78%.
In related news, General Counsel Paul F. Cash sold 30,331 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $79.94, for a total value of $2,424,660.14. Following the completion of the transaction, the general counsel now directly owns 11,680 shares of the company’s stock, valued at approximately $933,699.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.91% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in shares of Wyndham Hotels & Resorts by 29.9% in the 1st quarter. Bank of America Corp DE now owns 255,370 shares of the company’s stock worth $21,627,000 after acquiring an additional 58,784 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth $318,000. Toroso Investments LLC increased its stake in shares of Wyndham Hotels & Resorts by 16.4% in the 1st quarter. Toroso Investments LLC now owns 2,877 shares of the company’s stock worth $244,000 after acquiring an additional 406 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth $204,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth $213,000. 92.63% of the stock is owned by hedge funds and other institutional investors.
Wyndham Hotels & Resorts Company Profile (Get Rating)
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.
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