Wyndham Hotels & Resorts (NYSE:WH) Hits New 1-Year High Following Analyst Upgrade

Wyndham Hotels & Resorts, Inc. (NYSE:WH) shares reached a new 52-week high on Wednesday after The Goldman Sachs Group raised their price target on the stock from $100.00 to $115.00. The Goldman Sachs Group currently has a buy rating on the stock. Wyndham Hotels & Resorts traded as high as $104.25 and last traded at $104.20, with a volume of 242758 shares changing hands. The stock had previously closed at $101.44.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus lifted their target price on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Oppenheimer boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Truist Financial boosted their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company started coverage on shares of Wyndham Hotels & Resorts in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $102.75.

Insider Activity

In related news, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now directly owns 366,371 shares in the company, valued at $33,343,424.71. This represents a 17.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,850 shares of company stock worth $8,881,849. 2.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Burgundy Asset Management Ltd. raised its stake in shares of Wyndham Hotels & Resorts by 70.9% during the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after acquiring an additional 916,742 shares in the last quarter. Thrivent Financial for Lutherans increased its stake 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 worth $136,533,000 after buying an additional 506,593 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Wyndham Hotels & Resorts by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,237,944 shares of the company’s stock worth $91,609,000 after buying an additional 196,982 shares during the period. Millennium Management LLC increased its stake in shares of Wyndham Hotels & Resorts by 12.6% in the second quarter. Millennium Management LLC now owns 1,174,404 shares of the company’s stock worth $86,906,000 after buying an additional 131,848 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Wyndham Hotels & Resorts by 1.0% in 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 during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Trading Up 2.6 %

The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50 day moving average is $90.69 and its 200 day moving average is $80.39. The company has a market capitalization of $8.10 billion, a PE ratio of 32.20, a P/E/G ratio of 2.58 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. As a group, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 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.