Wyndham Hotels & Resorts $WH Shares Bought by Citigroup Inc.

Key Points

• Citigroup Inc. significantly increased its stake in Wyndham Hotels & Resorts by 432.7%, owning $10.50 million worth of shares as of the latest SEC filing.
• The company recently declared a quarterly dividend of $0.41 per share, reflecting an annualized yield of 1.9%.
• Wyndham Hotels & Resorts reported $1.33 earnings per share for the last quarter, exceeding analysts' expectations of $1.16, along with a revenue increase of 8.2% year-over-year.

Citigroup Inc. raised its position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 432.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,007 shares of the company's stock after purchasing an additional 94,228 shares during the quarter. Citigroup Inc. owned 0.15% of Wyndham Hotels & Resorts worth $10,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Capital Management LLC purchased a new stake in Wyndham Hotels & Resorts in the 1st quarter worth about $428,000. Man Group plc purchased a new position in shares of Wyndham Hotels & Resorts during the fourth quarter worth approximately $339,000. Generate Investment Management Ltd purchased a new position in shares of Wyndham Hotels & Resorts during the first quarter worth approximately $6,258,000. USA Financial Formulas purchased a new position in shares of Wyndham Hotels & Resorts during the first quarter worth approximately $314,000. Finally, NBC Securities Inc. increased its position in shares of Wyndham Hotels & Resorts by 133,933.3% during the first quarter. NBC Securities Inc. now owns 4,021 shares of the company's stock worth $363,000 after acquiring an additional 4,018 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WH. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Stifel Nicolaus reduced their target price on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Barclays raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price on the stock. Finally, Truist Financial raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Stock Down 1.8%

WH stock traded down $1.5450 during trading on Wednesday, hitting $86.4050. 187,248 shares of the company's stock traded hands, compared to its average volume of 1,033,633. The firm has a market capitalization of $6.60 billion, a P/E ratio of 20.19, a PEG ratio of 1.54 and a beta of 0.99. The business has a fifty day simple moving average of $85.06 and a two-hundred day simple moving average of $89.33. 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 has a 1 year low of $75.30 and a 1 year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Wyndham Hotels & Resorts's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.13 earnings per share. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. Sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

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