Vestcor Inc acquired a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,400 shares of the company's stock, valued at approximately $343,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. TimesSquare Capital Management LLC lifted its holdings in Wyndham Hotels & Resorts by 74.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company's stock worth $50,167,000 after buying an additional 213,052 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $18,764,000. Brown Brothers Harriman & Co. boosted its position in shares of Wyndham Hotels & Resorts by 31.5% during the third quarter. Brown Brothers Harriman & Co. now owns 476,556 shares of the company's stock valued at $37,238,000 after purchasing an additional 114,084 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Wyndham Hotels & Resorts by 221.3% in the third quarter. Mutual of America Capital Management LLC now owns 148,250 shares of the company's stock worth $11,584,000 after purchasing an additional 102,115 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Wyndham Hotels & Resorts in the fourth quarter worth $8,462,000. Institutional investors own 93.46% of the company's stock.
Wyndham Hotels & Resorts Stock Performance
Shares of WH stock traded down $0.38 on Friday, reaching $90.76. The stock had a trading volume of 1,412,514 shares, compared to its average volume of 788,606. The stock has a market cap of $7.06 billion, a P/E ratio of 25.00, 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. The company has a 50 day simple moving average of $103.12 and a 200 day simple moving average of $94.76.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (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%. Equities research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.
Wyndham Hotels & Resorts Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Monday, March 17th. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 45.18%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Wells Fargo & Company lifted their target price on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Susquehanna upped their price target 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. Truist Financial lowered their price objective on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $116.18.
Check Out Our Latest Report on WH
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.
Featured Articles
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
