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

Wyndham Hotels & Resorts, Inc. (NYSE:WH)’s share price reached a new 52-week high on Tuesday . The company traded as high as $106.28 and last traded at $105.87, with a volume of 68663 shares trading hands. The stock had previously closed at $104.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Oppenheimer upped their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays lifted their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Robert W. Baird upped their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group lifted their target price on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $108.10.

Wyndham Hotels & Resorts Price Performance

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 stock has a market capitalization of $8.17 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The business’s 50-day moving average price is $100.88 and its 200 day moving average price is $87.59.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.45%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the company’s 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 completion of the sale, the insider now owns 26,062 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 2.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its position in Wyndham Hotels & Resorts by 2.2% in the 4th quarter. Empowered Funds LLC now owns 7,846 shares of the company’s stock worth $791,000 after purchasing an additional 169 shares during the period. Sargent Investment Group LLC purchased a new position in shares of Wyndham Hotels & Resorts in the fourth quarter worth about $204,000. Trust Point Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $673,000. Copeland Capital Management LLC grew its position in Wyndham Hotels & Resorts by 2.5% during the 4th quarter. Copeland Capital Management LLC now owns 419,494 shares of the company’s stock worth $42,281,000 after acquiring an additional 10,170 shares during the last quarter. Finally, KBC Group NV increased its stake in Wyndham Hotels & Resorts by 16.6% in the 4th quarter. KBC Group NV now owns 6,990 shares of the company’s stock worth $705,000 after purchasing an additional 994 shares during the period. 93.46% of the stock is currently owned by 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.