Blue Trust Inc. boosted its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 62.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,086 shares of the company’s stock after buying an additional 417 shares during the period. Blue Trust Inc.’s holdings in Wyndham Hotels & Resorts were worth $109,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont grew its holdings in shares of Wyndham Hotels & Resorts by 434.8% during the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Assetmark Inc. purchased a new position in Wyndham Hotels & Resorts during the third quarter valued at approximately $30,000. UMB Bank n.a. grew its stake in Wyndham Hotels & Resorts by 72.7% in the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Wyndham Hotels & Resorts by 86.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after buying an additional 190 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after purchasing an additional 203 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 commented on WH. Oppenheimer increased their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Robert W. Baird increased their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group raised their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Truist Financial raised their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.10.
Wyndham Hotels & Resorts Stock Up 1.4 %
NYSE:WH opened at $107.50 on Friday. The stock’s fifty day moving average price is $102.29 and its two-hundred day moving average price is $89.13. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.09 and a beta of 1.29. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $108.88. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97.
Wyndham Hotels & Resorts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.41%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.
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 following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.
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