Ascent Group LLC Invests $1.42 Million in Wyndham Hotels & Resorts $WH

Key Points

• Ascent Group LLC acquired 15,674 shares of Wyndham Hotels & Resorts for approximately $1,419,000 in the first quarter, indicating increased institutional interest in the company.
• Wyndham Hotels & Resorts reported a quarterly EPS of $1.33, exceeding analysts' expectations, along with a year-over-year revenue increase of 8.2%.
• The company announced a quarterly dividend of $0.41, representing an annualized dividend yield of 1.9%, with a payout ratio of 38.32%.

Ascent Group LLC acquired a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,674 shares of the company's stock, valued at approximately $1,419,000.

Other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in Wyndham Hotels & Resorts during the first quarter worth approximately $29,000. SVB Wealth LLC purchased a new position in Wyndham Hotels & Resorts during the first quarter valued at approximately $46,000. Versant Capital Management Inc grew its stake in shares of Wyndham Hotels & Resorts by 139.2% in the 1st quarter. Versant Capital Management Inc now owns 531 shares of the company's stock valued at $48,000 after buying an additional 309 shares in the last quarter. Quarry LP boosted its stake in shares of Wyndham Hotels & Resorts by 34.5% during the 1st quarter. Quarry LP now owns 542 shares of the company's stock worth $49,000 after acquiring an additional 139 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of 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 buying an additional 166 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

WH has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. JPMorgan Chase & Co. initiated coverage on Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price target for the company. Barclays boosted their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Robert W. Baird raised their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Truist Financial boosted their target price 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.98.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH traded up $0.19 during mid-day trading on Monday, reaching $85.59. The company's stock had a trading volume of 307,286 shares, compared to its average volume of 1,012,001. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. Wyndham Hotels & Resorts has a 52 week low of $76.65 and a 52 week high of $113.07. The stock has a fifty day moving average of $87.13 and a two-hundred day moving average of $86.51. The firm has a market capitalization of $6.54 billion, a PE ratio of 20.02, a P/E/G ratio of 1.51 and a beta of 0.94.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The firm had revenue of $397.00 million during the quarter, compared to analyst estimates of $384.69 million. During the same quarter in the previous year, the business posted $1.13 EPS. Wyndham Hotels & Resorts's revenue was up 8.2% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.9%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 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.