Wyndham Hotels & Resorts Group (NYSE: WH) Chief Financial Officer Michael Allen sold 28,089 shares of the company’s stock in a transaction dated Thursday, November 18th. The stock sold for an average price of $87.21, with a total value of $2,449,641.69. The deal was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link.
NYSE:WH is down $1.22 during trading hours on Monday, reaching $86.24. 32,278 shares of the company’s stock were traded, compared to an average trading volume of 661,947. The company’s 50-day moving average is $81.29 and its 200-day moving average is $75.52. The stock has a market capitalization of $8.04 billion, a price-earnings ratio of 43.12 and a beta of 1.67. The company has a debt-to-equity ratio of 1.84, a trading ratio of 1.60 and a quick ratio of 1.60. Wyndham Hotels & Resorts posted a one-year low of $53.58 and a one-year high of $89.48.
Wyndham Hotels & Resorts (NYSE: WH) announced its earnings results on Wednesday, October 27. The company reported $1.16 earnings per share for the quarter, topping analysts’ estimates of $0.91 by $0.25. The company generated $463.00 million in revenue for the quarter, compared to analysts’ expectations of $462.81 million. Wyndham Hotels & Resorts generated a return on equity of 23.01% and a net margin of 12.81%. Quarterly revenue for Wyndham Hotels & Resorts increased 37.4% year over year. During the same quarter last year, the company earned $0.36 per share. As a group, research analysts expect Wyndham Hotels and Resorts, Inc., Wyndham Hotels and Resorts, to post earnings of 2.98 per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 29th. Shareholders of record on Wednesday, December 15th will issue a dividend of $0.32 per share. This represents a dividend of $1.28 year-over-year and a return of 1.48%. The due date is Tuesday 14th December. This is a boost from Wyndham Hotels & Resorts’ prior quarterly earnings of $0.24. Wyndham Hotels & Resorts Group’s dividend yield is 48.00%.
A number of large investors have recently made changes to their positions in WH. First Trust Advisors LP acquired a new stake in shares of Wyndham Hotels & Resorts during the first quarter valued at $534,000. Stifel Financial Corp boosted its ownership in shares of Wyndham Hotels & Resorts by 11.2% during the first quarter. Stifel Financial Corp now owns 7,675 shares of the company’s stock, valued at $536,000, after purchasing an additional 776 shares during the last quarter. Price T Rowe Associates Inc. MD owns its stake in shares of Wyndham Hotels & Resorts by 7.7% during the first quarter. Price T Rowe Associates Inc. owns Now 71,162 shares of the company’s stock are valued at $4,966,000 after purchasing an additional 5,062 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the first quarter valued at $964,000. Finally, Eaton Vance Management boosted its stake in shares of Wyndham Hotels & Resorts by 2,036.1% during the first quarter. Eaton Vance Management now owns 416,897 shares of the company’s stock valued at $29,091,000 after purchasing an additional 397,380 shares during the last quarter. Hedge funds and other institutional investors own 93.12% of the company’s stock.
WH has been the subject of a number of research analyst reports. TheStreet upgraded Wyndham Hotels & Resorts from a “c” rating to a “b” rating in a research report on Friday, July 30th. Trust Securities raised its price target on Wyndham Hotels & Resorts from $83.00 to $91.00 and assigned the company a “buy” rating in a research note on Friday, October 29. Truist raised its price target on Wyndham Hotels and Resorts from $83.00 to $91.00 and assigned the stock a “buy” rating in a research note on Friday, October 29th. Zacks Investment Research upgraded Wyndham Hotels and Resorts from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Wednesday, November 3rd. Finally, Loop Capital began covering Wyndham Hotels & Resorts in a research note on Tuesday, October 5. They assigned a “buy” rating and a $99.00 target price to the company. Eight equities research analysts have rated the stock with a buy rating, according to MarketBeat, the stock has a consensus rating of “buy” and an average price target of $87.38.
Wyndham Hotels and Resorts Company Profile
Wyndham Hotels and Resorts franchises and operates hotels under the Wyndham brand. It operates through the following divisions: Hotel Franchise and Hotel Management. The Hotel Franchise division offers licenses to brand names and associated brands to hotel owners under long-term franchise agreements.
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