C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Shares in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 186,169 shares of the company’s stock, valued at approximately $18,764,000. Wyndham Hotels & Resorts accounts for approximately 0.9% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ investment portfolio, making the stock its 20th biggest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.24% of Wyndham Hotels & Resorts as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in WH. Trust Co. of Vermont raised its position in shares of Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock worth $25,000 after buying an additional 200 shares in the last quarter. Assetmark Inc. bought a new position in Wyndham Hotels & Resorts in the 3rd quarter worth about $30,000. UMB Bank n.a. raised its holdings in shares of Wyndham Hotels & Resorts by 72.7% in 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. boosted its position 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 valued at $32,000 after acquiring an additional 190 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $103.00 to $114.00 in a research report on Friday, January 10th. 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 report on Friday, December 13th. Barclays upped their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Truist Financial lifted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Robert W. Baird upped their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.10.

Wyndham Hotels & Resorts Price Performance

WH opened at $109.01 on Thursday. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $103.03 and its 200 day simple moving average is $90.17. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 2.14 and a beta of 1.29. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $109.14.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. As a group, analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.38 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.39%. Wyndham Hotels & Resorts’s payout ratio is presently 48.25%.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.