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

Wyndham Hotels & Resorts, Inc. (NYSE:WH)’s share price 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 traded. The stock had previously closed at $101.44.

WH has been the topic of a number of other research reports. Barclays raised their price target 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. Stifel Nicolaus raised their target price on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company began coverage on Wyndham Hotels & Resorts in a report on Thursday, December 5th. They set an “equal weight” rating and a $103.00 price target on the stock. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.75.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts 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 directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 10,056 shares in the company, valued at approximately $904,939.44. The trade was a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock valued at $8,881,849 in the last quarter. 2.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of WH. Assetmark Inc. purchased a new stake in Wyndham Hotels & Resorts during the third quarter valued at approximately $30,000. Nomura Asset Management Co. Ltd. grew its position in shares of Wyndham Hotels & Resorts by 86.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after purchasing an additional 203 shares in the last quarter. Concord Wealth Partners raised its holdings in Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the period. Finally, Brooklyn Investment Group bought a new position in Wyndham Hotels & Resorts in the 3rd quarter worth $49,000. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Stock Up 0.1 %

The company has a 50-day moving average of $91.72 and a two-hundred day moving average of $80.71. 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 company has a market capitalization of $8.09 billion, a PE ratio of 33.02, a P/E/G ratio of 2.37 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to analysts’ expectations 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 was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.31 EPS. Sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.38 per share. 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 presently 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.