KLP Kapitalforvaltning AS Takes Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

KLP Kapitalforvaltning AS purchased a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,900 shares of the company's stock, valued at approximately $1,703,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont lifted its position in shares of Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company's stock valued at $25,000 after acquiring an additional 200 shares during the period. Smartleaf Asset Management LLC increased its stake in Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after purchasing an additional 108 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company's stock valued at $40,000 after purchasing an additional 168 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Wyndham Hotels & Resorts by 86.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company's stock worth $32,000 after purchasing an additional 190 shares in the last quarter. Finally, Sherman Asset Management Inc. bought a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth about $54,000. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Stock Up 1.5 %

Wyndham Hotels & Resorts stock traded up $1.32 during midday trading on Wednesday, hitting $92.32. 723,775 shares of the stock were exchanged, compared to its average volume of 815,931. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The business's 50-day moving average price is $101.08 and its 200-day moving average price is $95.75.

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

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 1.78%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 45.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WH shares. Truist Financial dropped their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company upped their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price objective on the stock in a report on Monday, March 24th. Finally, Susquehanna raised their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus price target of $116.08.

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 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.