Armistice Capital LLC Sells 24,646 Shares of Wyndham Hotels & Resorts $WH

Key Points

• Armistice Capital LLC has reduced its stake in Wyndham Hotels & Resorts by 11.0%, selling 24,646 shares and holding a total of 199,983 shares worth approximately $18.1 million.
• Wyndham Hotels & Resorts received positive analyst ratings, with Barclays and others increasing their price targets to $101.00 and the stock holding a consensus rating of Moderate Buy.
• The company recently announced a quarterly dividend of $0.41 per share, reflecting a dividend yield of 1.9% with a payout ratio of 38.32%.

Armistice Capital LLC reduced its position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,983 shares of the company's stock after selling 24,646 shares during the quarter. Armistice Capital LLC owned about 0.26% of Wyndham Hotels & Resorts worth $18,100,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in Wyndham Hotels & Resorts during the 1st quarter worth approximately $29,000. Quarry LP bought a new stake in Wyndham Hotels & Resorts during the 4th quarter worth approximately $41,000. SVB Wealth LLC bought a new stake in Wyndham Hotels & Resorts during the 1st quarter worth approximately $46,000. Versant Capital Management Inc increased its holdings in Wyndham Hotels & Resorts by 139.2% during the 1st quarter. Versant Capital Management Inc now owns 531 shares of the company's stock worth $48,000 after purchasing an additional 309 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Wyndham Hotels & Resorts by 36.1% during the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after purchasing an additional 166 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WH. Morgan Stanley reissued an "overweight" rating and set a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Barclays boosted their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective for the company. Finally, Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and an average price target of $106.98.

Wyndham Hotels & Resorts Stock Performance

NYSE WH traded down $0.35 on Wednesday, hitting $86.00. 731,745 shares of the stock traded hands, compared to its average volume of 736,958. The business's fifty day moving average is $86.61 and its two-hundred day moving average is $87.92. Wyndham Hotels & Resorts has a 12 month low of $75.91 and a 12 month high of $113.07. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $397.00 million during the quarter, compared to analyst estimates of $384.69 million. During the same period in the prior year, the company earned $1.13 earnings per share. Wyndham Hotels & Resorts's 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. As a group, equities analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio is 38.32%.

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.