Bank of Nova Scotia Buys 66,101 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Bank of Nova Scotia increased its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 1,332.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,061 shares of the company's stock after purchasing an additional 66,101 shares during the period. Bank of Nova Scotia owned approximately 0.09% of Wyndham Hotels & Resorts worth $7,162,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont lifted its holdings in shares of Wyndham Hotels & Resorts by 434.8% during the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company's stock worth $25,000 after buying an additional 200 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Wyndham Hotels & Resorts during the 4th quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 purchasing an additional 234 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Wyndham Hotels & Resorts by 86.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company's stock worth $32,000 after purchasing an additional 190 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings 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 worth $35,000 after purchasing an additional 108 shares during the period. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Price Performance

NYSE WH traded up $0.77 on Thursday, hitting $82.48. 169,692 shares of the company were exchanged, compared to its average volume of 829,009. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The firm has a 50 day moving average of $95.64 and a two-hundred day moving average of $95.82. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The company has a market cap of $6.39 billion, a P/E ratio of 22.72, a P/E/G ratio of 1.87 and a beta of 1.11.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating 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%. On average, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio is 45.18%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WH. Redburn Atlantic raised Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Monday, March 24th. Morgan Stanley boosted their price objective 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. The Goldman Sachs Group reduced their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research report on Monday. Wells Fargo & Company increased their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Robert W. Baird lifted their target price 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. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $114.67.

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.