Benchstone Capital Management LP Makes New $21.34 Million Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Benchstone Capital Management LP purchased a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 211,703 shares of the company's stock, valued at approximately $21,338,000. Wyndham Hotels & Resorts accounts for 2.2% of Benchstone Capital Management LP's investment portfolio, making the stock its 23rd largest holding. Benchstone Capital Management LP owned about 0.27% of Wyndham Hotels & Resorts at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Trust Co. of Vermont grew its holdings 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 worth $25,000 after acquiring an additional 200 shares during the period. Proficio Capital Partners LLC bought a new position in Wyndham Hotels & Resorts in the fourth quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Wyndham Hotels & Resorts by 508.7% in the fourth 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in Wyndham Hotels & Resorts by 46.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after buying an additional 108 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Wyndham Hotels & Resorts by 72.7% during the 4th quarter. UMB Bank n.a. now owns 399 shares of the company's stock valued at $40,000 after buying an additional 168 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH traded down $0.67 during midday trading on Tuesday, hitting $83.44. 1,531,461 shares of the stock traded hands, compared to its average volume of 841,820. The firm has a market capitalization of $6.47 billion, a P/E ratio of 22.99, a PEG ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a one year low of $67.67 and a one year high of $113.07. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50-day moving average of $88.63 and a two-hundred day moving average of $96.32.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $320.10 million. During the same period last year, the firm posted $0.78 earnings per share. The business's revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm 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 1.97%. The ex-dividend date was Monday, March 17th. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 38.86%.

Analyst Ratings Changes

A number of brokerages recently issued reports on WH. Robert W. Baird lowered their price target on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a research report on Tuesday. Stifel Nicolaus cut their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Susquehanna lifted their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Truist Financial cut their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, The Goldman Sachs Group lowered their price target on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.48.

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.