LRT Capital Management LLC increased its stake in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 192.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,610 shares of the company’s stock after purchasing an additional 6,983 shares during the period. LRT Capital Management LLC’s holdings in Wyndham Hotels & Resorts were worth $802,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Research Global Investors lifted its holdings in Wyndham Hotels & Resorts by 4.8% during the 4th quarter. Capital Research Global Investors now owns 8,205,818 shares of the company’s stock worth $620,032,000 after purchasing an additional 375,892 shares in the last quarter. Norges Bank purchased a new stake in Wyndham Hotels & Resorts during the 4th quarter worth about $219,462,000. Morgan Stanley lifted its holdings in Wyndham Hotels & Resorts by 49.0% during the 4th quarter. Morgan Stanley now owns 2,872,466 shares of the company’s stock worth $217,044,000 after purchasing an additional 944,562 shares in the last quarter. Bank of Montreal Can lifted its holdings in Wyndham Hotels & Resorts by 14,200.0% during the 4th quarter. Bank of Montreal Can now owns 2,562,843 shares of the company’s stock worth $193,648,000 after purchasing an additional 2,544,921 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its holdings in Wyndham Hotels & Resorts by 352.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,212,717 shares of the company’s stock worth $176,796,000 after purchasing an additional 1,724,091 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Stock Performance
Shares of NYSE WH opened at $79.30 on Friday. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 2.14 and a beta of 0.62. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.88. Wyndham Hotels & Resorts has a 1-year low of $69.21 and a 1-year high of $92.68. The stock’s 50-day moving average is $82.53 and its 200 day moving average is $79.23.
Wyndham Hotels & Resorts Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, June 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 69.08%.
Analyst Ratings Changes
A number of brokerages recently issued reports on WH. Truist Financial increased their price objective on Wyndham Hotels & Resorts from $99.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Barclays increased their price objective on Wyndham Hotels & Resorts from $98.00 to $104.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a report on Friday, April 10th. Wall Street Zen raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Morgan Stanley raised their price objective on Wyndham Hotels & Resorts from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.27.
Check Out Our Latest Analysis on WH
Wyndham Hotels & Resorts Profile
Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.
The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.
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