Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia grew its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 1,332.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,061 shares of the company's stock after buying an additional 66,101 shares during the quarter. Bank of Nova Scotia owned 0.09% of Wyndham Hotels & Resorts worth $7,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $104,774,000. JPMorgan Chase & Co. boosted its holdings in shares of Wyndham Hotels & Resorts by 404.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company's stock valued at $122,261,000 after purchasing an additional 972,708 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Wyndham Hotels & Resorts by 74.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company's stock worth $50,167,000 after buying an additional 213,052 shares during the last quarter. Boston Partners raised its position in shares of Wyndham Hotels & Resorts by 5.3% in the 4th quarter. Boston Partners now owns 3,853,527 shares of the company's stock worth $388,462,000 after buying an additional 192,221 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Wyndham Hotels & Resorts during the 4th quarter worth approximately $18,764,000. Institutional investors and hedge funds own 93.46% of the company's stock.

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Analyst Ratings Changes

Several analysts recently issued reports on WH shares. Morgan Stanley increased their price target on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Monday, March 24th. Stifel Nicolaus raised their price target on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Barclays upped their price objective on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Truist Financial dropped their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.67.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock traded down $0.89 on Tuesday, reaching $83.42. 558,831 shares of the company were exchanged, compared to its average volume of 831,175. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The company's 50-day moving average is $96.66 and its two-hundred day moving average is $96.01.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.41 per share. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, March 17th. Wyndham Hotels & Resorts's payout ratio is currently 45.18%.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.