Wyndham Hotels & Resorts (NYSE:WH) Given New $91.00 Price Target at JPMorgan Chase & Co.

Wyndham Hotels & Resorts (NYSE:WH) had its price target trimmed by JPMorgan Chase & Co. from $95.00 to $91.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

WH has been the topic of a number of other reports. Morgan Stanley lowered their price target on Wyndham Hotels & Resorts from $91.00 to $89.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Truist Financial raised their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $82.00 target price on the stock. Mizuho set a $97.00 target price on shares of Wyndham Hotels & Resorts and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

Wyndham Hotels & Resorts Stock Down 0.4%

Shares of NYSE WH opened at $72.14 on Tuesday. The company’s 50-day simple moving average is $76.34 and its 200-day simple moving average is $79.59. Wyndham Hotels & Resorts has a 52-week low of $69.21 and a 52-week high of $113.07. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.43.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, December 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 37.70%.

Insiders Place Their Bets

In other news, insider Scott R. Strickland sold 28,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total transaction of $2,000,608.74. Following the completion of the sale, the insider owned 40,363 shares in the company, valued at $2,870,212.93. This trade represents a 41.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Paul F. Cash sold 36,379 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $71.66, for a total value of $2,606,919.14. Following the completion of the transaction, the general counsel owned 39,123 shares in the company, valued at $2,803,554.18. This represents a 48.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,606 shares of company stock valued at $9,047,218 over the last ninety days. Company insiders own 2.46% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Wyndham Hotels & Resorts by 73.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 133 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Wyndham Hotels & Resorts by 5,950.0% during the second quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock worth $29,000 after buying an additional 357 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Wyndham Hotels & Resorts by 49.2% in the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at $36,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Wyndham Hotels & Resorts by 181.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 495 shares of the company’s stock valued at $40,000 after buying an additional 319 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.