Pinebridge Investments L.P. Acquires 9,456 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Pinebridge Investments L.P. boosted its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 42.7% during the fourth quarter, Holdings Channel reports. The fund owned 31,605 shares of the company’s stock after purchasing an additional 9,456 shares during the period. Pinebridge Investments L.P.’s holdings in Wyndham Hotels & Resorts were worth $3,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Boston Partners increased its holdings in shares of Wyndham Hotels & Resorts by 5.3% in the fourth quarter. Boston Partners now owns 3,853,527 shares of the company’s stock valued at $388,462,000 after purchasing an additional 192,221 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Wyndham Hotels & Resorts by 3.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company’s stock worth $182,460,000 after buying an additional 63,006 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% during the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock worth $134,414,000 after buying an additional 1,328,292 shares during the period. Dimensional Fund Advisors LP grew its stake in Wyndham Hotels & Resorts by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,309,177 shares of the company’s stock valued at $131,952,000 after buying an additional 29,220 shares during the last quarter. Finally, 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 period. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Up 0.4 %

WH stock opened at $85.21 on Friday. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $113.07. The business has a 50-day simple moving average of $91.93 and a 200 day simple moving average of $96.02. 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 company has a market cap of $6.60 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share 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%. Sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.41 dividend. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.92%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 45.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WH. Barclays reduced their price objective on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday. Jefferies Financial Group reduced their price target on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group decreased their price objective on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Truist Financial dropped their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Robert W. Baird upped their price target on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.33.

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 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.