Proficio Capital Partners LLC Buys Shares of 28,423 Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Proficio Capital Partners LLC bought a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,423 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WH. Smartleaf Asset Management LLC raised its position in shares of Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock worth $35,000 after acquiring an additional 108 shares in the last quarter. Principal Securities Inc. raised its holdings in Wyndham Hotels & Resorts by 1.0% in the fourth quarter. Principal Securities Inc. now owns 10,941 shares of the company’s stock worth $1,103,000 after buying an additional 113 shares during the last quarter. Equitable Trust Co. boosted its stake in Wyndham Hotels & Resorts by 1.5% during the 4th quarter. Equitable Trust Co. now owns 9,295 shares of the company’s stock valued at $937,000 after purchasing an additional 135 shares during the last quarter. M&T Bank Corp lifted its stake in Wyndham Hotels & Resorts by 4.2% during the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock valued at $267,000 after acquiring an additional 138 shares during the period. Finally, UMB Bank n.a. raised its stake 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 buying an additional 168 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Trading Down 2.8 %

Shares of Wyndham Hotels & Resorts stock opened at $89.62 on Friday. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.87 and a beta of 1.28. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $113.07. The firm’s 50 day simple moving average is $101.89 and its two-hundred day simple moving average is $95.34.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 1.83%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 45.18%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WH. Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. lifted their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Jefferies Financial Group increased 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. The Goldman Sachs Group lifted their target price 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, Robert W. Baird upped their price objective on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.08.

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.