Wyndham Hotels & Resorts (NYSE:WH) Sets New 52-Week High – Here’s Why

Wyndham Hotels & Resorts, Inc. (NYSE:WH)’s stock price reached a new 52-week high on Tuesday . The company 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

A number of research firms recently commented on WH. Truist Financial upped their price objective 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. The Goldman Sachs Group raised their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays upped their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company raised Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $103.00 to $114.00 in a research note on Friday, January 10th. Finally, StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.10.

Wyndham Hotels & Resorts Stock Up 0.6 %

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock’s fifty day simple moving average is $101.28 and its 200-day simple moving average is $87.93. The stock has a market capitalization of $8.17 billion, a PE ratio of 33.39, a P/E/G ratio of 2.22 and a beta of 1.30.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.45%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 48.25%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, insider Scott R. Strickland sold 2,850 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the transaction, the insider now owns 26,062 shares in the company, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Trust Co. of Vermont boosted its stake in Wyndham Hotels & Resorts by 434.8% during the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the period. Assetmark Inc. bought a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter valued at about $30,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares during 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.