Invesco Ltd. Lowers Stock Position in Wyndham Hotels & Resorts (NYSE:WH)

Invesco Ltd. lowered its position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,424,477 shares of the company's stock after selling 190,498 shares during the quarter. Invesco Ltd. owned about 1.85% of Wyndham Hotels & Resorts worth $128,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WH. Bank Pictet & Cie Europe AG purchased a new position in Wyndham Hotels & Resorts during the fourth quarter valued at $201,000. Wells Fargo & Company MN raised its position in shares of Wyndham Hotels & Resorts by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,246 shares of the company's stock worth $1,537,000 after purchasing an additional 707 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Wyndham Hotels & Resorts by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 130,581 shares of the company's stock worth $13,161,000 after purchasing an additional 5,182 shares during the last quarter. Bank of Montreal Can raised its position in shares of Wyndham Hotels & Resorts by 4.5% in the 4th quarter. Bank of Montreal Can now owns 13,030 shares of the company's stock worth $1,313,000 after purchasing an additional 561 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Wyndham Hotels & Resorts by 103.7% in the 4th quarter. Renaissance Technologies LLC now owns 50,100 shares of the company's stock worth $5,050,000 after buying an additional 25,500 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

WH has been the subject of several research analyst reports. Barclays lifted their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective for the company. Robert W. Baird lifted their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Finally, Stifel Nicolaus reduced their price objective on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Trading Down 2.5%

Wyndham Hotels & Resorts stock opened at $88.82 on Friday. The business has a 50-day simple moving average of $84.78 and a two-hundred day simple moving average of $89.79. The company has a market cap of $6.78 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.60 and a beta of 0.99. Wyndham Hotels & Resorts has a 52-week low of $74.37 and a 52-week high of $113.07. 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 (NYSE:WH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 EPS. Analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed 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 1.8%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 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.

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