Wyndham Hotels & Resorts (NYSE:WH) Sets New 1-Year High – Here’s Why

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $99.12 and last traded at $98.95, with a volume of 84885 shares trading hands. The stock had previously closed at $97.80.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WH. Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective for the company. Finally, Truist Financial lifted their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Wyndham Hotels & Resorts Stock Up 3.3 %

The firm has a market cap of $7.86 billion, a P/E ratio of 32.03, a P/E/G ratio of 2.48 and a beta of 1.32. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $88.47 and its 200 day moving average is $79.29.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 EPS. As a group, equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 9.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares of the company’s stock, valued at $904,939.44. The trade was a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,890 shares of company stock worth $9,273,255 in the last quarter. 2.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in WH. Thrivent Financial for Lutherans grew its holdings in 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 acquiring an additional 506,593 shares during the last quarter. Natixis Advisors LLC grew its holdings in Wyndham Hotels & Resorts by 37.7% during the 3rd quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock worth $2,699,000 after acquiring an additional 9,463 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of Wyndham Hotels & Resorts by 35.0% in the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock valued at $10,549,000 after purchasing an additional 35,000 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at $680,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Wyndham Hotels & Resorts by 221.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 148,250 shares of the company’s stock valued at $11,584,000 after purchasing an additional 102,115 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

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.