Legal & General Group Plc trimmed its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,679 shares of the company's stock after selling 13,489 shares during the period. Legal & General Group Plc owned 0.16% of Wyndham Hotels & Resorts worth $12,466,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of 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 during the period. Principal Securities Inc. grew its stake in Wyndham Hotels & Resorts by 1.0% in the 4th quarter. Principal Securities Inc. now owns 10,941 shares of the company's stock valued at $1,103,000 after buying an additional 113 shares during the last quarter. Equitable Trust Co. raised its holdings in Wyndham Hotels & Resorts by 1.5% in the 4th quarter. Equitable Trust Co. now owns 9,295 shares of the company's stock worth $937,000 after acquiring an additional 135 shares during the period. M&T Bank Corp lifted its position in Wyndham Hotels & Resorts by 4.2% during the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company's stock worth $267,000 after acquiring an additional 138 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in 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 acquiring an additional 168 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on WH shares. Susquehanna lifted their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Morgan Stanley dropped their price target on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday. Jefferies Financial Group cut their price target on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Truist Financial lowered their price objective on shares of 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. Finally, The Goldman Sachs Group cut their target price on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $111.33.
Check Out Our Latest Stock Analysis on WH
Wyndham Hotels & Resorts Price Performance
Shares of NYSE:WH traded up $1.92 during midday trading on Tuesday, reaching $80.83. 958,109 shares of the company's stock were exchanged, compared to its average volume of 831,815. 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 simple moving average is $93.47 and its two-hundred day simple moving average is $96.01. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07. The firm has a market capitalization of $6.26 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping 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%. Equities 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.03%. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 17th. Wyndham Hotels & Resorts's dividend payout ratio is 45.18%.
Wyndham Hotels & Resorts Profile
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Free Report)
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.
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