Wyndham Hotels & Resorts (NYSE:WH) Reaches New 52-Week High – Time to Buy?

Wyndham Hotels & Resorts, Inc. (NYSE:WH)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $95.20 and last traded at $94.89, with a volume of 146557 shares. The stock had previously closed at $89.20.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WH. Truist Financial upped their target price 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. Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Barclays upped their target price 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. Finally, Stifel Nicolaus upped their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Wyndham Hotels & Resorts Price Performance

The company’s fifty day moving average is $81.73 and its two-hundred day moving average is $76.14. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19.

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

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.58%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

Insiders Place Their Bets

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 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 in the company, valued at approximately $2,297,104.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Michele Allen sold 15,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction 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 $904,939.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 of the company’s stock, valued at $2,297,104.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,890 shares of company stock worth $9,273,255. Company insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Large investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC bought a new position in Wyndham Hotels & Resorts in the first quarter valued at $1,382,000. Sequoia Financial Advisors LLC bought a new position in Wyndham Hotels & Resorts in the third quarter valued at $680,000. International Assets Investment Management LLC grew its position in Wyndham Hotels & Resorts by 6,887.1% in the third quarter. International Assets Investment Management LLC now owns 66,028 shares of the company’s stock valued at $5,159,000 after purchasing an additional 65,083 shares in the last quarter. Hsbc Holdings PLC bought a new position in Wyndham Hotels & Resorts in the second quarter valued at $1,425,000. Finally, Thrivent Financial for Lutherans grew its position in Wyndham Hotels & Resorts by 377.5% in the second quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company’s stock valued at $91,812,000 after purchasing an additional 980,848 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.