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

Wyndham Hotels & Resorts, Inc. (NYSE:WH) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $109.14 and last traded at $109.01, with a volume of 1078220 shares traded. The stock had previously closed at $107.45.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WH shares. Truist Financial raised their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer raised their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird raised their price target 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. Stifel Nicolaus raised their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays lifted their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.10.

Wyndham Hotels & Resorts Stock Performance

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 firm has a market cap of $8.48 billion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 2.14 and a beta of 1.29. The firm has a fifty day simple moving average of $102.87 and a two-hundred day simple moving average of $90.04.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the company. Trust Co. of Vermont lifted its holdings in Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. Proficio Capital Partners LLC acquired a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock valued at $28,000 after acquiring an additional 234 shares during the period. Assetmark Inc. acquired a new position in Wyndham Hotels & Resorts in the third quarter valued at approximately $30,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Wyndham Hotels & Resorts by 86.4% in the third 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. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.