Proficio Capital Partners LLC acquired a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 28,423 shares of the company's stock, valued at approximately $28,000.
Several other institutional investors and hedge funds also recently made changes to their positions in WH. Smartleaf Asset Management LLC boosted its holdings 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 acquiring an additional 108 shares in the last quarter. Principal Securities Inc. lifted its position in shares of 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 acquiring an additional 113 shares in the last quarter. Equitable Trust Co. grew its holdings in shares of Wyndham Hotels & Resorts by 1.5% during the fourth quarter. Equitable Trust Co. now owns 9,295 shares of the company's stock valued at $937,000 after buying an additional 135 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Wyndham Hotels & Resorts by 4.2% during the third quarter. M&T Bank Corp now owns 3,415 shares of the company's stock worth $267,000 after purchasing an additional 138 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Wyndham Hotels & Resorts by 72.7% during the 4th quarter. UMB Bank n.a. now owns 399 shares of the company's stock valued at $40,000 after buying an additional 168 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on WH. Susquehanna increased their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley raised their price target on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Truist Financial lowered their price objective 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. JPMorgan Chase & Co. increased their price target 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, Wells Fargo & Company lifted their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $116.08.
View Our Latest Stock Analysis on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Stock Performance
WH stock traded up $1.32 during mid-day trading on Wednesday, hitting $92.32. 723,775 shares of the company were exchanged, compared to its average volume of 815,931. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The business has a 50 day simple moving average of $101.08 and a 200-day simple moving average of $95.75. The stock has a market capitalization of $7.18 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share 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%. On average, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.
Wyndham Hotels & Resorts Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.41 per share. The ex-dividend date was Monday, March 17th. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 1.78%. Wyndham Hotels & Resorts's payout ratio is presently 45.18%.
Wyndham Hotels & Resorts Company Profile
(
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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