Proficio Capital Partners LLC Purchases New Shares in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Proficio Capital Partners LLC acquired a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 28,423 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont increased its position 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 during the period. Assetmark Inc. bought a new stake in Wyndham Hotels & Resorts during the 3rd quarter valued at approximately $30,000. UMB Bank n.a. boosted its position in Wyndham Hotels & Resorts by 72.7% during the 4th quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. Nomura Asset Management Co. Ltd. grew 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 worth $32,000 after acquiring an additional 190 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on WH. Wells Fargo & Company upped their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Susquehanna lifted their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Morgan Stanley boosted their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group raised their target price on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $116.45.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $87.67 on Friday. The company has a market capitalization of $6.82 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $113.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm has a 50 day moving average of $104.29 and a 200 day moving average of $94.34.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. As a group, equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.41 dividend. The ex-dividend date is Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.87%. Wyndham Hotels & Resorts’s payout ratio is currently 45.18%.

Wyndham Hotels & Resorts 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.