Concentric Capital Strategies LP Makes New Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Concentric Capital Strategies LP acquired a new stake in 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 firm acquired 93,279 shares of the company's stock, valued at approximately $9,402,000. Concentric Capital Strategies LP owned approximately 0.12% of Wyndham Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Corvex Management LP purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at about $3,462,000. Crestline Management LP purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at about $1,764,000. Cetera Investment Advisers raised its holdings in Wyndham Hotels & Resorts by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 12,855 shares of the company's stock valued at $1,296,000 after buying an additional 233 shares during the period. Brevan Howard Capital Management LP raised its holdings in Wyndham Hotels & Resorts by 4.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 11,473 shares of the company's stock valued at $1,156,000 after buying an additional 456 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Wyndham Hotels & Resorts by 22.7% in the 4th quarter. Captrust Financial Advisors now owns 3,277 shares of the company's stock valued at $330,000 after buying an additional 606 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Truist Financial cut their price target on shares of 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. Jefferies Financial Group cut their price target on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price objective 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. Finally, Susquehanna boosted their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $108.48.

Wyndham Hotels & Resorts Trading Up 3.0%

Shares of NYSE WH traded up $2.51 during midday trading on Monday, hitting $86.77. The stock had a trading volume of 634,643 shares, compared to its average volume of 846,549. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The company has a fifty day moving average price of $87.30 and a 200 day moving average price of $96.40.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $316.00 million for the quarter, compared to analyst estimates of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The company's revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.41 per share. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Monday, March 17th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.86%.

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.