Wyndham Hotels & Resorts (NYSE:WH) Sets New 12-Month High on Analyst Upgrade

Wyndham Hotels & Resorts, Inc. (NYSE:WH) reached a new 52-week high during trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $92.00 to $107.00. Stifel Nicolaus currently has a buy rating on the stock. Wyndham Hotels & Resorts traded as high as $98.75 and last traded at $98.64, with a volume of 232868 shares traded. The stock had previously closed at $97.69.

Several other brokerages have also commented on WH. Truist Financial increased their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group began coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target on the stock. Oppenheimer lifted their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays raised their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. The trade was a 32.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,890 shares of company stock worth $9,273,255. Company insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Several institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC lifted its position in shares of Wyndham Hotels & Resorts by 17.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,414 shares of the company’s stock valued at $267,000 after buying an additional 516 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Wyndham Hotels & Resorts during the 3rd quarter worth about $214,000. M&T Bank Corp lifted its stake in Wyndham Hotels & Resorts by 4.2% in the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock valued at $267,000 after buying an additional 138 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in Wyndham Hotels & Resorts by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 27,384 shares of the company’s stock worth $2,140,000 after buying an additional 902 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Up 0.3 %

The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.45 and a beta of 1.31. The business has a fifty day simple moving average of $86.25 and a 200 day simple moving average of $78.16. 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 (NYSE:WH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The firm had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same period in the prior year, the company earned $1.31 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.55%. Wyndham Hotels & Resorts’s payout ratio is presently 48.25%.

Wyndham Hotels & Resorts Company Profile

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.