Copeland Capital Management LLC trimmed its holdings in Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 6.9% during the second quarter, Holdings Channel reports. The institutional investor owned 378,682 shares of the company’s stock after selling 28,229 shares during the quarter. Copeland Capital Management LLC’s holdings in Wyndham Hotels & Resorts were worth $30,753,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in WH. Elequin Capital LP bought a new position in shares of Wyndham Hotels & Resorts in the first quarter valued at $29,000. Geneos Wealth Management Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 49.2% in the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Wyndham Hotels & Resorts in the first quarter valued at $46,000. Versant Capital Management Inc lifted its stake in shares of Wyndham Hotels & Resorts by 139.2% in the first quarter. Versant Capital Management Inc now owns 531 shares of the company’s stock valued at $48,000 after buying an additional 309 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Wyndham Hotels & Resorts by 34.5% in the first quarter. Quarry LP now owns 542 shares of the company’s stock valued at $49,000 after buying an additional 139 shares in the last quarter. 93.46% of the stock is owned by institutional investors.
Wyndham Hotels & Resorts Stock Performance
NYSE WH opened at $81.10 on Friday. Wyndham Hotels & Resorts has a 52-week low of $76.65 and a 52-week high of $113.07. The company has a 50-day simple moving average of $85.68 and a 200 day simple moving average of $85.20. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $6.19 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.
Wyndham Hotels & Resorts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 38.32%.
Wall Street Analysts Forecast Growth
WH has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an “overweight” rating and a $101.00 price objective on the stock. Robert W. Baird increased their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Barclays increased their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Truist Financial increased their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.98.
Wyndham Hotels & Resorts Company 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.
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