Norges Bank Takes Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Norges Bank bought a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,039,528 shares of the company’s stock, valued at approximately $104,774,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont grew its position in shares of Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Wyndham Hotels & Resorts during the fourth quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Wyndham Hotels & Resorts by 508.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock worth $28,000 after acquiring an additional 234 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Wyndham Hotels & Resorts by 86.4% in 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 in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Wyndham Hotels & Resorts by 46.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock valued at $35,000 after acquiring an additional 108 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on WH. The Goldman Sachs Group upped their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird raised their price objective on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Susquehanna upped 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. Morgan Stanley raised their price target on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $116.08.

Wyndham Hotels & Resorts Stock Up 0.5 %

Shares of Wyndham Hotels & Resorts stock opened at $90.98 on Wednesday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The company’s 50 day moving average price is $101.35 and its 200-day moving average price is $95.78. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.87 and a beta of 1.28.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share (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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.64 annualized dividend and a yield of 1.80%. 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.