Exchange Traded Concepts LLC Makes New Investment in Wyndham Hotels & Resorts $WH

Key Points

• Exchange Traded Concepts LLC purchased 13,120 shares of Wyndham Hotels & Resorts for approximately $1,065,000 in the 2nd quarter, marking a new investment in the company.
• Wyndham Hotels announced a quarterly dividend of $0.41 per share, resulting in an annualized yield of 2.0% and a dividend payout ratio of 38.32%.
• Analysts have shown strong confidence in Wyndham Hotels, with several firms raising their target prices, leading to an average consensus target price of $106.98 and a rating of "Moderate Buy."

Exchange Traded Concepts LLC acquired a new position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,120 shares of the company's stock, valued at approximately $1,065,000.

A number of other large investors also recently modified their holdings of WH. Wealth Enhancement Advisory Services LLC boosted its stake in Wyndham Hotels & Resorts by 5.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,422 shares of the company's stock valued at $627,000 after purchasing an additional 393 shares during the period. Voya Investment Management LLC raised its holdings in shares of Wyndham Hotels & Resorts by 85.6% in the 1st quarter. Voya Investment Management LLC now owns 21,038 shares of the company's stock worth $1,904,000 after purchasing an additional 9,704 shares in the last quarter. Strs Ohio bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth approximately $1,721,000. Geneos Wealth Management Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 49.2% in 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 in the last quarter. Finally, Focus Partners Wealth increased its position in shares of Wyndham Hotels & Resorts by 1.6% in the first quarter. Focus Partners Wealth now owns 60,529 shares of the company's stock worth $5,479,000 after acquiring an additional 971 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Stock Down 1.3%

WH opened at $82.04 on Tuesday. Wyndham Hotels & Resorts has a twelve month low of $76.65 and a twelve month high of $113.07. The firm's 50-day simple moving average is $86.63 and its 200-day simple moving average is $85.66. 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 firm has a market cap of $6.26 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.46 and a beta of 0.94.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $384.69 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The company'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. Equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.41 per share. The ex-dividend date is Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a yield of 2.0%. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

Analysts Set New Price Targets

WH has been the topic of several analyst reports. Barclays lifted 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. Morgan Stanley reissued an "overweight" rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Truist Financial boosted 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. JPMorgan Chase & Co. started coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective for the company. Finally, Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

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.