Maryland State Retirement & Pension System Sells 439 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Maryland State Retirement & Pension System reduced its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,043 shares of the company’s stock after selling 439 shares during the period. Maryland State Retirement & Pension System’s holdings in Wyndham Hotels & Resorts were worth $407,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of WH. Mutual of America Capital Management LLC boosted its holdings in 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 worth $17,533,000 after purchasing an additional 25,702 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $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 worth $2,396,000 after buying an additional 14,688 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $28,000. Finally, Bank of New York Mellon Corp increased its position 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 valued at $85,870,000 after acquiring an additional 8,129 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on WH. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price target on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Monday. Susquehanna boosted their target price on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Barclays raised their price target on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.08.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $92.25 on Wednesday. The business’s fifty day moving average is $102.57 and its 200 day moving average is $95.30. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 25.41, a PEG 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 52-week low of $67.67 and a 52-week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results 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 net margin of 20.51% and a return on equity of 54.86%. Research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.78%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 17th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 45.18%.

About Wyndham Hotels & Resorts

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.