Peapack Gladstone Financial Corp Cuts Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Peapack Gladstone Financial Corp lowered its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,776 shares of the company’s stock after selling 710 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Wyndham Hotels & Resorts were worth $481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its holdings in shares of Wyndham Hotels & Resorts by 17.3% in the 4th 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 last quarter. CIBC Asset Management Inc acquired a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $248,000. Stifel Financial Corp increased its stake in Wyndham Hotels & Resorts by 91.9% in the third 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 Wyndham Hotels & Resorts during the fourth quarter worth approximately $28,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Wyndham Hotels & Resorts by 1.0% during the 4th 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. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $78.15 on Wednesday. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day simple moving average of $98.68 and a 200-day simple moving average of $95.82. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07. The stock has a market capitalization of $6.05 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 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%. Equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 45.18%.

Analyst Ratings Changes

A number of research firms recently commented on WH. The Goldman Sachs Group increased their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their price objective on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group boosted their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley upped their target price on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company lifted their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.08.

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.