Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,922 shares of the company’s stock after selling 280 shares during the quarter. Arizona State Retirement System’s holdings in Wyndham Hotels & Resorts were worth $2,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $30,000. Legacy Capital Wealth Partners LLC acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $231,000. TimesSquare Capital Management LLC grew its stake in Wyndham Hotels & Resorts by 284,590.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 284,690 shares of the company’s stock valued at $22,246,000 after acquiring an additional 284,590 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Wyndham Hotels & Resorts by 2.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock valued at $443,000 after acquiring an additional 147 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. WCM Investment Management LLC now owns 322,363 shares of the company’s stock valued at $26,044,000 after acquiring an additional 6,146 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Trading Down 5.1 %

Shares of WH stock opened at $93.49 on Tuesday. The firm has a market cap of $7.27 billion, a P/E ratio of 25.76, a PEG ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50-day simple moving average is $104.81 and its 200-day simple moving average is $94.15.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data 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 net margin of 20.51% and a return on equity of 54.86%. As a group, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued 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 is Monday, March 17th. This represents a $1.64 annualized dividend and a yield of 1.75%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 45.18%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WH shares. Stifel Nicolaus increased their price objective on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Oppenheimer increased their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price target on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley raised their price target on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird raised their price target 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.45.

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.