Equitable Trust Co. Purchases 4,775 Shares of Wyndham Hotels & Resorts $WH

Key Points

• Equitable Trust Co. increased its holdings in Wyndham Hotels & Resorts by 51% during the 2nd quarter, owning a total of 14,134 shares worth approximately $1.15 million.
• Wyndham Hotels & Resorts reported a quarterly earnings per share (EPS) of $1.33, exceeding estimates and showing an 8.2% revenue growth compared to the previous year.
• The company recently announced a quarterly dividend of $0.41 per share, reflecting a 2.1% dividend yield and a payout ratio of 38.32%.

Equitable Trust Co. boosted its position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 51.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,134 shares of the company's stock after purchasing an additional 4,775 shares during the quarter. Equitable Trust Co.'s holdings in Wyndham Hotels & Resorts were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in Wyndham Hotels & Resorts during the 1st quarter worth about $29,000. Geneos Wealth Management Inc. raised its holdings in Wyndham Hotels & Resorts by 49.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company's stock worth $34,000 after purchasing an additional 124 shares during the last quarter. SVB Wealth LLC bought a new stake in Wyndham Hotels & Resorts during the 1st quarter worth about $46,000. Quarry LP raised its holdings in 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 purchasing an additional 139 shares during the last quarter. Finally, First Horizon Advisors Inc. raised 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 during the last quarter. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $78.23 on Wednesday. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day simple moving average of $84.26 and a 200 day simple moving average of $84.46. Wyndham Hotels & Resorts has a 52-week low of $75.29 and a 52-week high of $113.07. The firm has a market capitalization of $5.97 billion, a PE ratio of 18.28, a P/E/G ratio of 1.36 and a beta of 0.92.

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. 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 previous year, the firm earned $1.13 EPS. Wyndham Hotels & Resorts'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. Sell-side analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.41 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. Wyndham Hotels & Resorts's payout ratio is currently 38.32%.

Analysts Set New Price Targets

Several analysts have weighed in on WH shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Wyndham Hotels & Resorts in a report on Wednesday, October 8th. Barclays dropped their price objective on Wyndham Hotels & Resorts from $101.00 to $99.00 and set an "overweight" rating for the company in a report on Friday, October 3rd. Robert W. Baird upped their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. began 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. Finally, Truist Financial upped their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $106.81.

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.

Want to see what other hedge funds are holding WH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Hotels & Resorts (NYSE:WH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.