Concentric Capital Strategies LP Makes New $9.40 Million Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Concentric Capital Strategies LP acquired a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont boosted its stake in Wyndham Hotels & Resorts by 434.8% during the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company's stock valued at $25,000 after buying an additional 200 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 108 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company's stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WH. Wells Fargo & Company upped their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus reduced their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. Susquehanna lifted their price target on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Truist Financial reduced their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Morgan Stanley dropped their target price on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $108.48.

Wyndham Hotels & Resorts Stock Up 0.3 %

Shares of NYSE:WH traded up $0.22 during trading on Friday, reaching $84.51. 700,136 shares of the company traded hands, compared to its average volume of 846,509. The firm has a fifty day simple moving average of $87.30 and a 200 day simple moving average of $96.25. 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, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The firm has a market cap of $6.51 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a boost 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 1.94%. Wyndham Hotels & Resorts's payout ratio is 38.86%.

Wyndham Hotels & Resorts 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.