AQR Capital Management LLC Acquires 128,345 Shares of Wyndham Hotels & Resorts $WH

Key Points

• AQR Capital Management LLC increased its stake in Wyndham Hotels & Resorts by 207.6%, owning approximately 190,165 shares worth $16.7 million as of the latest SEC filing.
• Wyndham Hotels & Resorts reported a quarterly earnings per share (EPS) of $1.33, exceeding analysts' expectations by $0.17, alongside an 8.2% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.41, with the ex-dividend date set for September 15th, representing an annualized yield of 1.9% and a payout ratio of 38.32%.

AQR Capital Management LLC increased its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 207.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,165 shares of the company's stock after buying an additional 128,345 shares during the quarter. AQR Capital Management LLC owned 0.25% of Wyndham Hotels & Resorts worth $16,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Xponance Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 1.3% during the first quarter. Xponance Inc. now owns 9,467 shares of the company's stock valued at $857,000 after buying an additional 126 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company's stock valued at $454,000 after buying an additional 135 shares in the last quarter. Quarry LP grew its holdings in shares of Wyndham Hotels & Resorts by 34.5% during the first quarter. Quarry LP now owns 542 shares of the company's stock valued at $49,000 after buying an additional 139 shares in the last quarter. First Horizon Advisors Inc. grew 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 valued at $57,000 after buying an additional 166 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of Wyndham Hotels & Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock valued at $1,688,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

WH has been the subject of a number of research reports. Barclays lifted their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Morgan Stanley reissued an "overweight" rating and set a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. initiated coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective for the company. 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 research report on Friday, July 25th. Finally, Truist Financial lifted their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.98.

Wyndham Hotels & Resorts Stock Down 2.1%

Shares of NYSE:WH traded down $1.77 on Monday, reaching $84.04. The company had a trading volume of 911,673 shares, compared to its average volume of 756,480. Wyndham Hotels & Resorts has a twelve month low of $76.65 and a twelve month high of $113.07. The stock has a 50-day moving average price of $87.13 and a 200 day moving average price of $86.34. The stock has a market capitalization of $6.42 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.51 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The company had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business's quarterly revenue was up 8.2% compared to the same quarter last year. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. On average, equities analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, September 15th. This represents a $1.64 annualized dividend and a yield of 2.0%. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

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.