Wyndham Hotels & Resorts (NYSE:WH) Reaches New 1-Year High – Here’s What Happened

Wyndham Hotels & Resorts, Inc. (NYSE:WH) reached a new 52-week high during trading on Monday . The stock traded as high as $106.33 and last traded at $106.41, with a volume of 125460 shares traded. The stock had previously closed at $105.02.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $103.00 to $114.00 in a research report on Friday, January 10th. Barclays raised their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Robert W. Baird upped 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.10.

Wyndham Hotels & Resorts Stock Performance

The firm’s fifty day simple moving average is $101.60 and its 200 day simple moving average is $88.42. The company has a market capitalization of $8.29 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its stake in Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock worth $136,533,000 after purchasing an additional 506,593 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Wyndham Hotels & Resorts by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company’s stock worth $56,423,000 after buying an additional 7,241 shares in the last quarter. Janus Henderson Group PLC lifted its position in Wyndham Hotels & Resorts by 4.5% during the third quarter. Janus Henderson Group PLC now owns 628,521 shares of the company’s stock worth $49,116,000 after buying an additional 27,172 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in Wyndham Hotels & Resorts by 74.8% during the fourth 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. Finally, Brown Brothers Harriman & Co. grew its holdings in Wyndham Hotels & Resorts by 31.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 476,556 shares of the company’s stock valued at $37,238,000 after buying an additional 114,084 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Company Profile

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