Shares of Wyndham Hotels & Resorts experienced a decline of 0.7% as the chief accounting officer, Nicola Rossi, sold 8,000 shares of the company’s stock, amounting to $589,760. While institutional investors show interest, analysts provide mixed opinions on the stock’s future.
Following the sale, Rossi now owns 5,741 shares of Wyndham Hotels & Resorts stock valued at $423,226.52. The details of the sale were disclosed in a filing with the Securities and Exchange Commission (SEC).
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Wyndham Hotels & Resorts stock declines 0.7%
Wyndham Hotels & Resorts stock opened at $71.70 on Friday, a decrease of 0.7%. The company’s stock has a 50-day moving average price of $68.24 and a 200-day moving average price of $71.35.
Wyndham Hotels & Resorts has a current ratio of 1.27 and a quick ratio of 1.27. The company has a debt-to-equity ratio of 2.19. Over the past twelve months [June 2022-June 2023], the stock has traded between a low of $58.81 and a high of $81.00. With a market capitalisation of $6.16bn, the stock has a price-to-earnings ratio of 20.31 and a beta of 1.38.
Dividend announcement and analyst opinions
Wyndham Hotels & Resorts recently declared a quarterly dividend. Shareholders of record on Wednesday, 14 June 2023 will receive a dividend of $0.35 per share, which will be paid on Wednesday, 28 June.
This represents an annualised dividend of $1.40 and a dividend yield of 1.95%. Currently, the company’s payout ratio is 39.66%.
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By GlobalDataAccording to analysts’ reports, Wyndham Hotels & Resorts has received positive ratings. Truist Financial raised its price target on the stock from $95.00 to $96.00, giving it a “buy” rating. Stifel Nicolaus lowered its price target to $81.00, while StockNews.com assigned a “hold” rating.
Deutsche Bank Aktiengesellschaft gave the stock a “buy” rating with a price target of $79.00. Two analysts have rated the stock as “hold” and five as “buy,” resulting in a consensus rating of “moderate buy” and an average price target of $87.14.
Institutional investors show interest
Several large investors have made changes to their positions in Wyndham Hotels & Resorts. The Maryland state retirement and pension system acquired a new stake in the company, valued at $526,000.
Verition Fund Management LLC increased its holdings by 21.5%, while Wedge Capital Management L L P NC purchased a new position worth around $35,088,000.
Point72 Hong Kong Ltd saw a significant boost of 1,284.7% in its holdings, and Boothbay Fund Management LLC increased its holdings by 55.9%. Overall, institutional investors and hedge funds now own 91.13% of the company’s stock.
Hotels & Resorts Wyndham Hotels & Resorts, Inc operates as a franchisor and operator of hotels under the Wyndham brand. The company is divided into two segments: hotel franchising and hotel management.
The hotel franchising segment grants licenses for hotel owners to use the Wyndham brand and associated trademarks under long-term franchise agreements.
