Raymond James & Associates Acquires 5,238 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Raymond James & Associates boosted its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,118 shares of the company’s stock after buying an additional 5,238 shares during the period. Raymond James & Associates owned approximately 0.08% of Wyndham Hotels & Resorts worth $5,285,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WH. Wedge Capital Management L L P NC bought a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $35,088,000. Mackenzie Financial Corp grew its holdings in shares of Wyndham Hotels & Resorts by 76.1% during the 1st quarter. Mackenzie Financial Corp now owns 582,938 shares of the company’s stock worth $49,369,000 after purchasing an additional 251,999 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Wyndham Hotels & Resorts by 823.8% during the 1st quarter. Allianz Asset Management GmbH now owns 234,099 shares of the company’s stock worth $19,825,000 after purchasing an additional 208,757 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Wyndham Hotels & Resorts by 12.8% during the 1st quarter. Invesco Ltd. now owns 1,834,481 shares of the company’s stock worth $155,362,000 after purchasing an additional 208,620 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Wyndham Hotels & Resorts by 15.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,362,225 shares of the company’s stock worth $115,367,000 after purchasing an additional 182,343 shares in the last quarter. 91.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WH shares. Oppenheimer decreased their price objective on Wyndham Hotels & Resorts from $100.00 to $90.00 in a report on Thursday, April 27th. Robert W. Baird decreased their price objective on Wyndham Hotels & Resorts from $88.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, March 9th. Barclays decreased their price target on Wyndham Hotels & Resorts from $89.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, April 21st. Truist Financial boosted their price target on Wyndham Hotels & Resorts from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. Finally, StockNews.com assumed coverage on Wyndham Hotels & Resorts in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $87.14.

Insiders Place Their Bets

In other news, CMO Lisa Checchio sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $76.90, for a total transaction of $461,400.00. Following the completion of the sale, the chief marketing officer now owns 13,692 shares in the company, valued at $1,052,914.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.29% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $65.65 on Tuesday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $5.64 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.86 and a beta of 1.38. The business’s fifty day moving average is $67.13 and its two-hundred day moving average is $71.49. Wyndham Hotels & Resorts, Inc. has a 52 week low of $58.81 and a 52 week high of $82.04.

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $313.00 million for the quarter, compared to analyst estimates of $322.68 million. Wyndham Hotels & Resorts had a return on equity of 34.17% and a net margin of 21.94%. The business’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.02 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, June 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 39.66%.

Wyndham Hotels & Resorts Company Profile

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Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.