Wyndham Hotels & Resorts (NYSE:WH) Given New $99.00 Price Target at Truist Financial

Wyndham Hotels & Resorts (NYSE:WH) had its price objective raised by Truist Financial from $98.00 to $99.00 in a research note published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research report on Monday, December 29th. Robert W. Baird cut their price objective on Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Susquehanna cut their target price on Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Finally, Morgan Stanley decreased their price target on Wyndham Hotels & Resorts from $91.00 to $89.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.83.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $72.14 on Tuesday. The firm has a market capitalization of $5.45 billion, a PE ratio of 16.58, a P/E/G 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. The firm has a 50-day moving average price of $76.34 and a 200 day moving average price of $79.59. Wyndham Hotels & Resorts has a 52-week low of $69.21 and a 52-week high of $113.07.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Wyndham Hotels & Resorts’s dividend payout ratio is 37.70%.

Insider Activity at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 55,124 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $79.27, for a total value of $4,369,679.48. Following the completion of the sale, the chief executive officer owned 490,028 shares of the company’s stock, valued at approximately $38,844,519.56. The trade was a 10.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Scott R. Strickland sold 28,134 shares of Wyndham Hotels & Resorts 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 of the company’s stock, valued at $2,870,212.93. This trade represents a 41.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 120,606 shares of company stock valued at $9,047,218. Insiders own 2.46% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of WH. Compass Wealth Management LLC acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at approximately $18,137,000. Savoir Faire Capital Management L.P. grew its stake in shares of Wyndham Hotels & Resorts by 89.9% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 69,885 shares of the company’s stock worth $5,584,000 after acquiring an additional 33,081 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Wyndham Hotels & Resorts by 9.3% in the third quarter. Thrivent Financial for Lutherans now owns 1,657,402 shares of the company’s stock valued at $132,427,000 after purchasing an additional 140,978 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Wyndham Hotels & Resorts by 11.8% in the third quarter. Mutual of America Capital Management LLC now owns 187,871 shares of the company’s stock worth $15,011,000 after purchasing an additional 19,762 shares in the last quarter. Finally, Modera Wealth Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the second quarter worth $347,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Company Profile

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.