Michele Allen, Chief Financial Officer and Head of Strategy at Wyndham Hotels & Resorts, Inc. (NYSE:WH), recently sold 15,000 shares of the company's common stock. The shares were sold at a price of $89.99 each, totaling approximately $1.35 million. Following the transaction, Allen retains direct ownership of 10,056 shares. Additionally, Allen holds 68,150 shares in restricted stock units and 55.09 shares indirectly through a spouse.
In other recent news, Wyndham Hotels & Resorts has reported a successful third quarter. The company saw a 7% increase in adjusted EBITDA and a 10% rise in adjusted EPS, with substantial expansion including the opening of over 17,000 rooms. Notably, Wyndham's international growth was robust, especially in EMEA and Latin America. Despite a slight decline in U.S. RevPAR, international figures rose, and the company increased its full-year adjusted diluted EPS guidance to $4.22 to $4.34.
In addition to these developments, Wyndham is also planning to introduce the Microtel brand in India, adding 40 new hotels by 2031. The company's development pipeline has grown nearly 5% year-over-year to a record 248,000 rooms. Wyndham's strategic initiatives, such as the launch of new brands and focus on technology and loyalty programs, are expected to drive continued growth and create sustainable value for stakeholders.
Looking ahead, the company aims for a net room growth of 3% to 5% and RevPAR returning to a 2% to 3% range by 2026. Project ECHO, allocated $100 million, is set to ramp up capital deployment in 2025 and 2026. The company remains optimistic about the future, with a strategy focused on shareholder and franchisee value.
InvestingPro Insights
While Michele Allen's recent stock sale might raise eyebrows, it's essential to consider Wyndham Hotels & Resorts' broader financial picture. According to InvestingPro data, the company boasts a market capitalization of $7.08 billion and has demonstrated strong profitability with a gross profit margin of 68.84% in the last twelve months as of Q3 2024. This impressive margin aligns with one of the InvestingPro Tips, which highlights Wyndham's "impressive gross profit margins."
The company's financial health is further underscored by its dividend policy. An InvestingPro Tip reveals that Wyndham "has raised its dividend for 3 consecutive years," with a current dividend yield of 1.68%. This commitment to shareholder returns is complemented by management's aggressive share buyback program, another positive signal noted in the InvestingPro Tips.
Investors should also note that Wyndham's stock has shown significant momentum, with a 27.81% total return over the past year. The stock is currently trading near its 52-week high, with its price at 98.62% of the peak. This performance is reflected in an InvestingPro Tip suggesting a "strong return over the last three months."
For those seeking a more comprehensive analysis, InvestingPro offers 11 additional tips on Wyndham Hotels & Resorts, providing deeper insights into the company's financial health and market position.
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