Magnetar Financial LLC Takes Position in Wyndham Hotels & Resorts $WH

Key Points

• Magnetar Financial LLC has acquired a new stake in Wyndham Hotels & Resorts, purchasing 58,583 shares valued at approximately $5.3 million.
• The company's recent earnings report indicated an earnings per share (EPS) of $1.33, surpassing analysts' expectations of $1.16, and marked an 8.2% revenue increase year-over-year.
• Wyndham Hotels & Resorts has announced a quarterly dividend of $0.41 per share, reflecting a 1.9% yield, with the ex-dividend date set for September 15th.

Magnetar Financial LLC acquired a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 58,583 shares of the company's stock, valued at approximately $5,302,000. Magnetar Financial LLC owned approximately 0.08% of Wyndham Hotels & Resorts at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WH. Nuveen LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at $70,353,000. Interval Partners LP acquired a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $31,991,000. Balyasny Asset Management L.P. acquired a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $29,846,000. Fiera Capital Corp acquired a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at $22,073,000. Finally, Long Pond Capital LP acquired a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at $21,103,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Down 0.4%

NYSE WH traded down $0.35 during trading on Wednesday, reaching $86.00. 518,877 shares of the company's stock were exchanged, compared to its average volume of 1,014,776. The stock has a market cap of $6.57 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. 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 company has a 50 day moving average price of $86.48 and a two-hundred day moving average price of $87.93. Wyndham Hotels & Resorts has a 1 year low of $75.91 and a 1 year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced 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 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%.Wyndham Hotels & Resorts's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, September 15th. Wyndham Hotels & Resorts's payout ratio is presently 38.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective 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. Barclays boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Morgan Stanley reissued an "overweight" rating and set a $105.00 target price on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. JPMorgan Chase & Co. initiated coverage on Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price for the company. Finally, Truist Financial boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently 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.