Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) have earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $89.40.
WH has been the subject of a number of research reports. Berenberg Bank raised Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, January 6th. Zacks Investment Research lowered Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, February 2nd. Truist Financial raised their target price on Wyndham Hotels & Resorts from $83.00 to $91.00 and gave the company a “buy” rating in a report on Friday, October 29th. JPMorgan Chase & Co. raised their target price on Wyndham Hotels & Resorts from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, October 18th. Finally, Robert W. Baird restated a “buy” rating on shares of Wyndham Hotels & Resorts in a report on Thursday, December 9th.
WH opened at $87.10 on Friday. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 43.55 and a beta of 1.70. Wyndham Hotels & Resorts has a 1 year low of $58.44 and a 1 year high of $91.41. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.84. The stock has a fifty day moving average price of $84.98 and a 200 day moving average price of $80.28.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 29th. Stockholders of record on Wednesday, December 15th were paid a $0.32 dividend. The ex-dividend date was Tuesday, December 14th. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%. Wyndham Hotels & Resorts’s payout ratio is currently 64.00%.
In related news, CAO Nicola Rossi sold 16,873 shares of the business’s stock in a transaction dated Wednesday, December 29th. The stock was sold at an average price of $89.65, for a total transaction of $1,512,664.45. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Paul F. Cash sold 1,232 shares of the business’s stock in a transaction dated Monday, December 6th. The shares were sold at an average price of $81.24, for a total value of $100,087.68. The disclosure for this sale can be found here. Insiders sold 46,194 shares of company stock worth $4,062,394 over the last quarter. 2.06% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WH. Alberta Investment Management Corp acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $864,000. Geode Capital Management LLC boosted its holdings in Wyndham Hotels & Resorts by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,143,121 shares of the company’s stock valued at $102,480,000 after purchasing an additional 30,542 shares in the last quarter. PFS Investments Inc. boosted its holdings in Wyndham Hotels & Resorts by 28.3% during the fourth quarter. PFS Investments Inc. now owns 69,800 shares of the company’s stock valued at $6,258,000 after purchasing an additional 15,402 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Wyndham Hotels & Resorts by 108.9% during the fourth quarter. Renaissance Technologies LLC now owns 227,739 shares of the company’s stock valued at $20,417,000 after purchasing an additional 118,739 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Wyndham Hotels & Resorts by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,105 shares of the company’s stock valued at $55,145,000 after purchasing an additional 11,009 shares in the last quarter. Hedge funds and other institutional investors own 92.87% 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 and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.
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