BNP Paribas Financial Markets lifted its position in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 245.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 135,036 shares of the company’s stock after purchasing an additional 95,911 shares during the period. BNP Paribas Financial Markets’ holdings in Wyndham Hotels & Resorts were worth $10,203,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Alps Advisors Inc. lifted its stake in Wyndham Hotels & Resorts by 125.6% in the 3rd quarter. Alps Advisors Inc. now owns 155,870 shares of the company’s stock worth $12,454,000 after purchasing an additional 86,790 shares in the last quarter. Aberdeen Group plc lifted its stake in Wyndham Hotels & Resorts by 16.6% in the 4th quarter. Aberdeen Group plc now owns 197,477 shares of the company’s stock worth $14,921,000 after purchasing an additional 28,077 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Wyndham Hotels & Resorts by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,585,935 shares of the company’s stock worth $126,716,000 after purchasing an additional 46,459 shares in the last quarter. Assetmark Inc. lifted its stake in Wyndham Hotels & Resorts by 23.0% in the 3rd quarter. Assetmark Inc. now owns 102,712 shares of the company’s stock worth $8,207,000 after purchasing an additional 19,204 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Wyndham Hotels & Resorts by 2.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 684,687 shares of the company’s stock worth $54,706,000 after purchasing an additional 18,065 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Stock Down 3.0%
Shares of NYSE:WH opened at $79.49 on Tuesday. Wyndham Hotels & Resorts has a 1 year low of $69.21 and a 1 year high of $92.68. The business has a 50 day simple moving average of $82.70 and a two-hundred day simple moving average of $79.07. The firm has a market capitalization of $5.95 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. The company has a debt-to-equity ratio of 5.88, a current ratio of 0.98 and a quick ratio of 0.98.
Wyndham Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, June 15th. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. Wyndham Hotels & Resorts’s payout ratio is presently 69.08%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Wall Street Zen upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Morgan Stanley boosted their price target on shares of Wyndham Hotels & Resorts from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Susquehanna decreased their price target on shares of Wyndham Hotels & Resorts from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Truist Financial boosted their price target on shares of Wyndham Hotels & Resorts from $99.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $98.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.27.
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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