Wyndham Hotels & Resorts (NYSE:WH) Hits New 52-Week High – Should You Buy?

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WH shares. JPMorgan Chase & Co. increased their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Oppenheimer lifted their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Stifel Nicolaus increased their target price on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upgraded shares of Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $103.00 to $114.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. 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 stock has a market cap of $8.17 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The business has a 50-day simple moving average of $100.88 and a 200 day simple moving average of $87.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts Dividend Announcement

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

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction on 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 directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its position in Wyndham Hotels & Resorts by 91.9% in the 3rd quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock valued at $2,396,000 after buying an additional 14,688 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Wyndham Hotels & Resorts by 40.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after purchasing an additional 506,593 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Wyndham Hotels & Resorts by 37.7% during the third quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after purchasing an additional 9,463 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Wyndham Hotels & Resorts by 15.0% during the third quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company’s stock worth $5,027,000 after purchasing an additional 8,389 shares during the last quarter. Finally, Impax Asset Management Group plc grew its position in 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 worth $10,549,000 after purchasing an additional 35,000 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

About Wyndham Hotels & Resorts

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.