Wyndham Hotels & Resorts (NYSE:WH) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Wyndham Hotels & Resorts (NYSE:WH) from a strong-buy rating to a hold rating in a research note issued to investors on Saturday morning, Zacks.com reports.

According to Zacks, “Wyndham Hotels and Resorts provide hotel and resort chain. It operates primarily in Canada, Mexico, Colombia, Ecuador, Turkey, Germany, the UK, the Caribbean and Margarita Island in Venezuela. Wyndham Hotels and Resorts is headquartered in New Jersey, United States. “

Other research analysts have also recently issued reports about the company. Jefferies Financial Group upped their price objective on Wyndham Hotels & Resorts from $85.00 to $91.00 and gave the company a buy rating in a report on Friday, April 30th. Oppenheimer upped their price objective on Wyndham Hotels & Resorts from $70.00 to $80.00 in a report on Thursday, April 29th. Gordon Haskett upped their price objective on Wyndham Hotels & Resorts from $64.00 to $66.00 and gave the company a buy rating in a report on Tuesday, January 5th. JPMorgan Chase & Co. upped their price objective on Wyndham Hotels & Resorts from $67.00 to $74.00 and gave the company an overweight rating in a report on Wednesday, April 21st. Finally, Truist upped their price objective on Wyndham Hotels & Resorts from $68.00 to $81.00 in a report on Friday, April 30th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Wyndham Hotels & Resorts presently has an average rating of Buy and an average target price of $67.13.

Shares of Wyndham Hotels & Resorts stock opened at $73.32 on Friday. The stock has a market cap of $6.85 billion, a P/E ratio of -152.75, a P/E/G ratio of 12.06 and a beta of 1.73. The stock’s 50 day simple moving average is $71.88 and its 200-day simple moving average is $61.70. Wyndham Hotels & Resorts has a 1-year low of $37.16 and a 1-year high of $76.04. The company has a debt-to-equity ratio of 3.03, a current ratio of 3.14 and a quick ratio of 3.14.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.11. The business had revenue of $303.00 million for the quarter, compared to analysts’ expectations of $334.52 million. Wyndham Hotels & Resorts had a positive return on equity of 21.25% and a negative net margin of 2.50%. The business’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. As a group, research analysts expect that Wyndham Hotels & Resorts will post 1.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 17th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, March 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.87%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.08. Wyndham Hotels & Resorts’s dividend payout ratio is currently 19.51%.

In other news, Director Stephen P. Holmes sold 27,293 shares of the company’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $65.13, for a total transaction of $1,777,593.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.84% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Wyndham Hotels & Resorts by 30.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,753 shares of the company’s stock valued at $122,000 after buying an additional 412 shares during the last quarter. Hill Winds Capital LP increased its holdings in Wyndham Hotels & Resorts by 93.3% in the first quarter. Hill Winds Capital LP now owns 72,500 shares of the company’s stock valued at $5,059,000 after buying an additional 35,000 shares during the last quarter. Savant Capital LLC purchased a new position in Wyndham Hotels & Resorts in the first quarter valued at $211,000. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income increased its holdings in Wyndham Hotels & Resorts by 13.7% in the first quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 5,515 shares of the company’s stock valued at $385,000 after buying an additional 665 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in Wyndham Hotels & Resorts by 1.5% in the first quarter. State of Michigan Retirement System now owns 34,486 shares of the company’s stock valued at $2,406,000 after buying an additional 500 shares during the last quarter. 93.02% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Company Profile

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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