The Manufacturers Life Insurance Company Buys 81,348 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

The Manufacturers Life Insurance Company lifted its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 126.5% during the fourth quarter, HoldingsChannel reports. The firm owned 145,677 shares of the company’s stock after acquiring an additional 81,348 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Wyndham Hotels & Resorts were worth $14,683,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WH. Virtu Financial LLC bought a new stake in Wyndham Hotels & Resorts during the third quarter worth $214,000. GAMMA Investing LLC raised its holdings in shares of Wyndham Hotels & Resorts by 59.0% in the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock valued at $114,000 after purchasing an additional 421 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $229,000. Trust Co. of Vermont lifted its stake in Wyndham Hotels & Resorts by 434.8% in 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 during the last quarter. Finally, HB Wealth Management LLC bought a new position in Wyndham Hotels & Resorts during the fourth quarter worth about $319,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WH. Stifel Nicolaus cut their price objective on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group cut their price target on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating for the company in a report on Monday, April 14th. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 target price for the company in a report on Monday, March 24th. Finally, Barclays lowered their price target on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $109.81.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH opened at $87.21 on Friday. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $113.07. The company’s 50 day moving average price is $89.59 and its two-hundred day moving average price is $96.30. The firm has a market cap of $6.76 billion, a PE ratio of 24.02, a PEG ratio of 1.87 and a beta of 1.11. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The business had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.41 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.