Wyndham Hotels & Resorts (NYSE:WH) Reaches New 1-Year High After Better-Than-Expected Earnings

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Get Free Report) hit a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The stock 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.

The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.39%. Wyndham Hotels & Resorts's dividend payout ratio is presently 41.87%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WH. Robert W. Baird lifted their price target on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. StockNews.com upgraded Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Truist Financial lifted their price objective 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. Finally, Wells Fargo & Company lifted their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $110.30.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WH. Bessemer Group Inc. raised its stake in shares of Wyndham Hotels & Resorts by 24,953.8% in the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock worth $134,414,000 after purchasing an additional 1,328,292 shares during the last quarter. Norges Bank purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at $104,774,000. JPMorgan Chase & Co. increased its position in Wyndham Hotels & Resorts by 404.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company's stock valued at $122,261,000 after acquiring an additional 972,708 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at $54,738,000. Finally, Thrivent Financial for Lutherans increased its position in Wyndham Hotels & Resorts by 40.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company's stock valued at $136,533,000 after acquiring an additional 506,593 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Performance

The company has a market cap of $8.52 billion, a PE ratio of 34.75, a PEG ratio of 2.14 and a beta of 1.29. 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 business has a 50-day moving average of $103.29 and a 200 day moving average of $90.70.

Wyndham Hotels & Resorts Company Profile

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.