Allianz Asset Management GmbH Trims Holdings in Wyndham Hotels & Resorts $WH

Allianz Asset Management GmbH lowered its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH) by 23.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,082 shares of the company’s stock after selling 21,047 shares during the period. Allianz Asset Management GmbH owned 0.09% of Wyndham Hotels & Resorts worth $5,448,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WH. Elequin Capital LP acquired a new position in Wyndham Hotels & Resorts in the 1st quarter valued at about $29,000. Geneos Wealth Management Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 49.2% in the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. SVB Wealth LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth approximately $46,000. Quarry LP raised its stake in shares of Wyndham Hotels & Resorts by 34.5% during the first quarter. Quarry LP now owns 542 shares of the company’s stock worth $49,000 after purchasing an additional 139 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 36.1% during the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company’s stock worth $57,000 after purchasing an additional 166 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WH shares. Morgan Stanley set a $91.00 price objective on shares of Wyndham Hotels & Resorts and gave the stock an “overweight” rating in a research report on Wednesday. Barclays dropped their price target on shares of Wyndham Hotels & Resorts from $101.00 to $99.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Robert W. Baird lifted their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Truist Financial boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and an average price target of $105.65.

Wyndham Hotels & Resorts Stock Down 1.0%

WH stock opened at $80.32 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. The company’s 50-day moving average price is $83.44 and its 200 day moving average price is $84.10. Wyndham Hotels & Resorts has a 52 week low of $75.29 and a 52 week high of $113.07. The company has a market cap of $6.13 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.44 and a beta of 0.92.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The company had revenue of $382.00 million during the quarter, compared to the consensus estimate of $406.29 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.39 EPS. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.480-4.62 EPS. On average, research analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.64 annualized dividend and a yield of 2.0%. Wyndham Hotels & Resorts’s dividend payout ratio is 38.32%.

Wyndham Hotels & Resorts Company 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.