MetLife Investment Management LLC increased its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,104 shares of the company's stock after buying an additional 3,017 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Wyndham Hotels & Resorts worth $4,445,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Mutual of America Capital Management LLC lifted its holdings in shares of Wyndham Hotels & Resorts by 17.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company's stock worth $17,533,000 after acquiring an additional 25,702 shares during the last quarter. CIBC Asset Management Inc bought a new position in Wyndham Hotels & Resorts in the 4th quarter valued at approximately $248,000. Bessemer Group Inc. boosted its position in 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 valued at $134,414,000 after buying an additional 1,328,292 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $28,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock worth $85,870,000 after buying an additional 8,129 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.
Wyndham Hotels & Resorts Stock Performance
Shares of WH opened at $84.91 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm's fifty day simple moving average is $92.45 and its two-hundred day simple moving average is $95.97. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07. The stock has a market capitalization of $6.58 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. As a group, analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.
Wyndham Hotels & Resorts Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's payout ratio is presently 45.18%.
Analysts Set New Price Targets
WH has been the topic of several recent research reports. Jefferies Financial Group cut their price objective on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Susquehanna boosted their price target on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Stifel Nicolaus raised their price objective 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. Morgan Stanley reduced their target price on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.33.
Read Our Latest Stock Report on Wyndham Hotels & Resorts
About Wyndham Hotels & Resorts
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wyndham Hotels & Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wyndham Hotels & Resorts wasn't on the list.
While Wyndham Hotels & Resorts currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
