Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $93.5833.
WH has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price target on Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial set a $98.00 target price on Wyndham Hotels & Resorts in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research note on Monday, December 29th. Robert W. Baird dropped their target price on shares of Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, December 7th.
Read Our Latest Stock Analysis on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Stock Performance
Wyndham Hotels & Resorts Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, December 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 37.70%.
Insider Buying and Selling
In other news, General Counsel Paul F. Cash sold 36,379 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, November 14th. The shares were sold at an average price of $71.66, for a total transaction of $2,606,919.14. Following the transaction, the general counsel owned 39,123 shares in the company, valued at approximately $2,803,554.18. The trade was a 48.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott R. Strickland sold 28,134 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $71.11, for a total value of $2,000,608.74. Following the transaction, the insider directly owned 40,363 shares of the company’s stock, valued at approximately $2,870,212.93. This represents a 41.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,606 shares of company stock worth $9,047,218 in the last ninety days. Company insiders own 2.46% of the company’s stock.
Institutional Investors Weigh In On Wyndham Hotels & Resorts
Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Wyndham Hotels & Resorts by 73.5% during the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 133 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 5,950.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock worth $29,000 after acquiring an additional 357 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Wyndham Hotels & Resorts by 49.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in Wyndham Hotels & Resorts in the 3rd quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC boosted its stake in Wyndham Hotels & Resorts by 181.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 495 shares of the company’s stock valued at $40,000 after purchasing an additional 319 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
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.
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