1,039,528 Shares in Wyndham Hotels & Resorts, Inc. (NYSE:WH) Acquired by Norges Bank

Norges Bank acquired a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,039,528 shares of the company's stock, valued at approximately $104,774,000. Norges Bank owned approximately 1.34% of Wyndham Hotels & Resorts as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Wyndham Hotels & Resorts by 404.8% during 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 in the last quarter. WINTON GROUP Ltd grew its stake in shares of Wyndham Hotels & Resorts by 53.4% during the fourth quarter. WINTON GROUP Ltd now owns 11,769 shares of the company's stock valued at $1,186,000 after acquiring an additional 4,095 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Wyndham Hotels & Resorts by 508.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after acquiring an additional 234 shares in the last quarter. Trust Investment Advisors purchased a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth about $241,000. Finally, LPL Financial LLC lifted its stake in shares of Wyndham Hotels & Resorts by 1.4% in the fourth quarter. LPL Financial LLC now owns 18,622 shares of the company's stock worth $1,877,000 after acquiring an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock traded down $5.99 during trading hours on Thursday, hitting $86.26. 1,206,204 shares of the company traded hands, compared to its average volume of 817,511. The firm's 50-day simple moving average is $100.69 and its two-hundred day simple moving average is $95.69. The firm has a market cap of $6.71 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced 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 forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.41 per share. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Monday, March 17th. Wyndham Hotels & Resorts's payout ratio is presently 45.18%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WH shares. Wells Fargo & Company lifted their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Truist Financial cut their price target on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Robert W. Baird increased their price objective on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Finally, Redburn Atlantic raised Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price objective for the company in a report on Monday, March 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.08.

Wyndham Hotels & Resorts 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.