Arrowstreet Capital Limited Partnership Boosts Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Arrowstreet Capital Limited Partnership raised its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 41.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,720 shares of the company’s stock after buying an additional 49,220 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Wyndham Hotels & Resorts were worth $16,804,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $104,774,000. JPMorgan Chase & Co. raised its holdings in Wyndham Hotels & Resorts by 404.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock valued at $122,261,000 after acquiring an additional 972,708 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Wyndham Hotels & Resorts by 74.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company’s stock worth $50,167,000 after purchasing an additional 213,052 shares during the period. Boston Partners boosted its holdings in shares of Wyndham Hotels & Resorts by 5.3% during the fourth quarter. Boston Partners now owns 3,853,527 shares of the company’s stock worth $388,462,000 after purchasing an additional 192,221 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $18,764,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock opened at $82.21 on Friday. The firm has a market capitalization of $6.37 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. Wyndham Hotels & Resorts, Inc. has a one year low of $67.67 and a one year high of $113.07. The stock’s 50 day moving average price is $100.24 and its 200 day moving average price is $95.72. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

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

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 1.99%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 45.18%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WH. Wells Fargo & Company raised 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. Truist Financial decreased their target price on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group upped their price target on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group increased 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.