15,674 Shares in Wyndham Hotels & Resorts $WH Acquired by Ascent Group LLC

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 purchased a new position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,674 shares of the company's stock, valued at approximately $1,419,000.

Several other institutional investors have also modified their holdings of WH. Bank Pictet & Cie Europe AG purchased a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth $201,000. Ameriprise Financial Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 27.9% during the 4th quarter. Ameriprise Financial Inc. now owns 131,429 shares of the company's stock worth $13,247,000 after acquiring an additional 28,699 shares during the period. Baird Financial Group Inc. raised its holdings in Wyndham Hotels & Resorts by 11.3% in the 4th quarter. Baird Financial Group Inc. now owns 3,491 shares of the company's stock valued at $352,000 after buying an additional 355 shares during the period. 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. Finally, 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. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Trading Down 2.9%

NYSE:WH traded down $2.61 on Friday, reaching $85.85. 822,558 shares of the company's stock were exchanged, compared to its average volume of 758,763. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The business has a fifty day moving average of $87.13 and a 200-day moving average of $86.81. Wyndham Hotels & Resorts has a 52-week low of $76.65 and a 52-week high of $113.07.

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

Wyndham Hotels & Resorts Dividend Announcement

The company 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

Analyst Ratings Changes

Several brokerages recently issued reports on WH. Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Truist Financial boosted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Morgan Stanley restated an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and an average target price of $106.98.

About Wyndham Hotels & Resorts

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.