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

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

Analyst Upgrades and Downgrades

WH has been the subject of several recent research reports. Stifel Nicolaus raised 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 report on Tuesday, November 26th. Robert W. Baird raised their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Jefferies Financial Group raised 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 report on Thursday, January 2nd. Truist Financial upped their price target 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. Finally, Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $108.10.

Wyndham Hotels & Resorts Trading Up 1.5 %

The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The business’s 50 day moving average price is $101.60 and its 200-day moving average price is $88.42. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 48.25%.

Insider Activity 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 stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC increased its stake in shares of Wyndham Hotels & Resorts by 187.2% during the 4th quarter. Wolverine Asset Management LLC now owns 1,444 shares of the company’s stock valued at $146,000 after acquiring an additional 3,100 shares during the last quarter. ING Groep NV acquired a new position in Wyndham Hotels & Resorts during the fourth quarter worth approximately $3,618,000. TimesSquare Capital Management LLC raised 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 purchasing an additional 213,052 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at $18,764,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter valued at $248,000. 93.46% of the stock is currently owned by hedge funds and other 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.