KLP Kapitalforvaltning AS Makes New $1.70 Million Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

KLP Kapitalforvaltning AS purchased a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the fourth quarter, Holdings Channel.com reports. The fund purchased 16,900 shares of the company’s stock, valued at approximately $1,703,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Boston Partners grew its position in 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 buying an additional 192,221 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Wyndham Hotels & Resorts by 3.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company’s stock worth $182,460,000 after acquiring an additional 63,006 shares during the period. Bank of New York Mellon Corp increased its stake in Wyndham Hotels & Resorts by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock valued at $85,870,000 after purchasing an additional 8,129 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Wyndham Hotels & Resorts by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 732,710 shares of the company’s stock worth $73,850,000 after purchasing an additional 10,628 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Wyndham Hotels & Resorts by 4.5% during the third quarter. Janus Henderson Group PLC now owns 628,521 shares of the company’s stock worth $49,116,000 after purchasing an additional 27,172 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WH. Susquehanna raised their price target on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Truist Financial cut their target price on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Robert W. Baird raised their price objective 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. Finally, Jefferies Financial Group upped their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.08.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $89.62 on Friday. The business has a fifty day simple moving average of $101.89 and a 200-day simple moving average of $95.34. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $113.07. The company has a market cap of $6.97 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.87 and a beta of 1.28. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating 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%. Equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 1.83%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 45.18%.

About Wyndham Hotels & Resorts

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.