Wyndham Hotels & Resorts (NYSE:WH) Sets New 52-Week High Following Analyst Upgrade

Wyndham Hotels & Resorts, Inc. (NYSE:WH) shares hit a new 52-week high during trading on Tuesday after Oppenheimer raised their price target on the stock from $90.00 to $115.00. Oppenheimer currently has an outperform rating on the stock. Wyndham Hotels & Resorts traded as high as $98.10 and last traded at $97.69, with a volume of 19504 shares traded. The stock had previously closed at $97.12.

A number of other research firms have also recently commented on WH. Truist Financial increased their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Robert W. Baird increased their price target 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, Barclays boosted their price objective 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 analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.86.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the sale, the chief financial officer now owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the sale, the chief financial officer now owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,890 shares of company stock worth $9,273,255 over the last quarter. Company insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several institutional investors have recently bought and sold shares of the company. Impax Asset Management Group plc boosted its stake in shares of Wyndham Hotels & Resorts by 35.0% during the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock worth $10,549,000 after acquiring an additional 35,000 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter worth $680,000. International Assets Investment Management LLC increased its position in Wyndham Hotels & Resorts by 6,887.1% during the third quarter. International Assets Investment Management LLC now owns 66,028 shares of the company’s stock worth $5,159,000 after purchasing an additional 65,083 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Wyndham Hotels & Resorts in the second quarter valued at approximately $1,425,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Wyndham Hotels & Resorts by 377.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company’s stock worth $91,812,000 after purchasing an additional 980,848 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Trading Up 1.5 %

The business’s 50-day simple moving average is $82.86 and its two-hundred day simple moving average is $76.72. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.39 and a beta of 1.31.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 EPS. Equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.54%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 48.25%.

About Wyndham Hotels & Resorts

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.