StockNews.com began coverage on shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) in a report released on Thursday. The brokerage issued a hold rating on the stock.
Wyndham Hotels & Resorts Stock Performance
WH stock traded up $0.46 during midday trading on Thursday, reaching $73.47. The company had a trading volume of 420,745 shares, compared to its average volume of 654,769. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.90. The stock has a 50 day moving average price of $77.06 and a 200 day moving average price of $76.49. Wyndham Hotels & Resorts has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The firm has a market capitalization of $5.95 billion, a PE ratio of 21.61, a P/E/G ratio of 3.35 and a beta of 1.35.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported $0.91 EPS for the quarter, beating 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 the consensus estimate of $321.35 million. During the same period in the previous year, the firm posted $0.72 earnings per share. Wyndham Hotels & Resorts's quarterly revenue was down 3.9% compared to the same quarter last year. Analysts anticipate that Wyndham Hotels & Resorts will post 4.22 earnings per share for the current year.
Wyndham Hotels & Resorts Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.07%. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. Wyndham Hotels & Resorts's dividend payout ratio is 44.71%.
Insiders Place Their Bets
In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.79% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Wetherby Asset Management Inc. lifted its position in shares of Wyndham Hotels & Resorts by 5.9% during the 1st quarter. Wetherby Asset Management Inc. now owns 2,423 shares of the company's stock valued at $205,000 after acquiring an additional 134 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of Wyndham Hotels & Resorts by 2.3% during the 3rd quarter. WINTON GROUP Ltd now owns 6,517 shares of the company's stock valued at $453,000 after acquiring an additional 144 shares during the last quarter. Janney Capital Management LLC lifted its position in shares of Wyndham Hotels & Resorts by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 4,887 shares of the company's stock valued at $393,000 after acquiring an additional 145 shares during the last quarter. Tributary Capital Management LLC lifted its position in shares of Wyndham Hotels & Resorts by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 7,700 shares of the company's stock valued at $619,000 after acquiring an additional 146 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Wyndham Hotels & Resorts by 4.1% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,739 shares of the company's stock valued at $260,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 93.46% of the company's stock.
Wyndham Hotels & Resorts Company Profile
(
Get Free Report)
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.
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