Wyndham Hotels & Resorts (NYSE:WH) Sets New 12-Month High – Here’s Why

Wyndham Hotels & Resorts, Inc. (NYSE:WH)’s stock price reached a new 52-week high during trading 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

A number of brokerages have recently issued reports on WH. Wells Fargo & Company raised Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $103.00 to $114.00 in a research note on Friday, January 10th. Oppenheimer increased their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group raised their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.10.

Wyndham Hotels & Resorts Price Performance

The firm has a market cap of $8.25 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.09 and a beta of 1.29. The company has a fifty day moving average of $101.92 and a 200-day moving average of $88.88. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.38 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 48.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans lifted its position in Wyndham Hotels & Resorts by 40.8% in the 3rd 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 last quarter. Bank of New York Mellon Corp boosted its holdings in Wyndham Hotels & Resorts by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock worth $85,870,000 after acquiring an additional 8,129 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 in the last quarter. Janus Henderson Group PLC raised its position in Wyndham Hotels & Resorts by 4.5% in the 3rd quarter. Janus Henderson Group PLC now owns 628,521 shares of the company’s stock worth $49,116,000 after buying an additional 27,172 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Wyndham Hotels & Resorts by 74.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company’s stock worth $50,167,000 after buying an additional 213,052 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

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.