FORA Capital LLC grew its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 54.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,169 shares of the company’s stock after buying an additional 2,162 shares during the period. FORA Capital LLC’s holdings in Wyndham Hotels & Resorts were worth $419,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in WH. Rockefeller Capital Management L.P. grew its stake in shares of Wyndham Hotels & Resorts by 139.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock worth $31,000 after purchasing an additional 255 shares during the period. Money Concepts Capital Corp acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $33,000. North Star Investment Management Corp. acquired a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Wyndham Hotels & Resorts during the second quarter worth $46,000. Finally, GW&K Investment Management LLC grew its stake in shares of Wyndham Hotels & Resorts by 22.5% during the fourth quarter. GW&K Investment Management LLC now owns 943 shares of the company’s stock worth $67,000 after purchasing an additional 173 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.
Wyndham Hotels & Resorts Price Performance
NYSE:WH opened at $76.18 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.30. The stock’s 50 day moving average price is $74.27 and its two-hundred day moving average price is $71.12. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 15.26 and a beta of 1.39. Wyndham Hotels & Resorts, Inc. has a 12-month low of $58.81 and a 12-month high of $81.00.
Wyndham Hotels & Resorts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, September 12th. Wyndham Hotels & Resorts’s payout ratio is 41.79%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Truist Financial decreased their price objective on Wyndham Hotels & Resorts from $96.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, July 20th. TheStreet raised Wyndham Hotels & Resorts from a “c+” rating to a “b” rating in a research note on Wednesday, July 26th. StockNews.com started coverage on Wyndham Hotels & Resorts in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Morgan Stanley decreased their target price on Wyndham Hotels & Resorts from $92.00 to $80.00 in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.57.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service hotels.
- Five stocks we like better than Wyndham Hotels & Resorts
- 3 Best Fintech Stocks for a Portfolio Boost
- Battle Of The Digital Payment Titans: Block, PayPal, And Visa
- Find and Profitably Trade Stocks at 52-Week Lows
- These Quality Dividend Kings Grow their Dividends the Fastest
- Retail Stocks Investing, Explained
- 3 Growth Stocks to Buy in September
Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.