Raymond James Financial Inc. 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 13F filing with the SEC. The firm acquired 83,957 shares of the company's stock, valued at approximately $8,462,000. Raymond James Financial Inc. owned approximately 0.11% of Wyndham Hotels & Resorts at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its stake in shares of Wyndham Hotels & Resorts by 17.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company's stock valued at $17,533,000 after acquiring an additional 25,702 shares during the period. CIBC Asset Management Inc bought a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $248,000. Stifel Financial Corp boosted its stake in shares of Wyndham Hotels & Resorts by 91.9% in the 3rd quarter. Stifel Financial Corp now owns 30,665 shares of the company's stock valued at $2,396,000 after purchasing an additional 14,688 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $28,000. Finally, Bank of New York Mellon Corp raised its stake 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 during the last quarter. 93.46% of the stock is owned by institutional investors.
Wyndham Hotels & Resorts Stock Down 0.4 %
NYSE WH traded down $0.39 on Wednesday, reaching $91.99. The company had a trading volume of 605,921 shares, compared to its average volume of 789,990. The company's fifty day moving average is $102.57 and its 200-day moving average is $95.30. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) 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 forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.
Wyndham Hotels & Resorts Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's payout ratio is currently 45.18%.
Analysts Set New Price Targets
A number of analysts have commented on WH shares. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price for the company in a report on Monday. JPMorgan Chase & Co. lifted their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Barclays upped their price objective on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an "overweight" rating in a report on Friday, February 14th. The Goldman Sachs Group boosted their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, 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 research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $116.08.
Check Out Our Latest Report on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts 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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