Diametric Capital LP Invests $1.31 Million in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Diametric Capital LP purchased a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,009 shares of the company’s stock, valued at approximately $1,311,000. Wyndham Hotels & Resorts comprises 0.9% of Diametric Capital LP’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter worth $104,774,000. JPMorgan Chase & Co. raised its position in Wyndham Hotels & Resorts by 404.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock worth $122,261,000 after acquiring an additional 972,708 shares during the period. TimesSquare Capital Management LLC raised its position in Wyndham Hotels & Resorts by 74.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company’s stock worth $50,167,000 after acquiring an additional 213,052 shares during the period. Boston Partners increased its stake in shares of Wyndham Hotels & Resorts by 5.3% during the 4th 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 during the 4th quarter worth approximately $18,764,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays increased their price objective on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Monday, March 24th. Susquehanna increased their target price on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Truist Financial lowered their price target 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. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $116.08.

Wyndham Hotels & Resorts Trading Up 1.1 %

Shares of WH stock opened at $90.63 on Tuesday. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The business’s fifty day moving average is $101.64 and its 200 day moving average is $95.69. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $7.05 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.81%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 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.