Morgan Stanley Boosts Wyndham Hotels & Resorts (NYSE:WH) Price Target to $113.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target increased by Morgan Stanley from $107.00 to $113.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

WH has been the subject of several other research reports. Jefferies Financial Group upped their price target on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group upped their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Oppenheimer upped their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Susquehanna upped their price target on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Finally, Truist Financial increased their price objective on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $116.45.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $100.19 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $113.07. The stock has a 50 day moving average of $104.91 and a two-hundred day moving average of $93.70. The stock has a market cap of $7.79 billion, a P/E ratio of 27.60, a P/E/G ratio of 1.87 and a beta of 1.28.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, research analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.41 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 1.64%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 41.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 17.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company’s stock worth $17,533,000 after buying an additional 25,702 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth $248,000. Stifel Financial Corp raised its stake in shares of Wyndham Hotels & Resorts by 91.9% during the 3rd quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock worth $2,396,000 after buying an additional 14,688 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Wyndham Hotels & Resorts by 40.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock worth $136,533,000 after buying an additional 506,593 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 74.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company’s stock worth $50,167,000 after buying an additional 213,052 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.