Nuveen LLC Acquires New Position in Wyndham Hotels & Resorts $WH

Key Points

• Nuveen LLC has acquired a new stake in Wyndham Hotels & Resorts, purchasing 777,290 shares valued at approximately $70.35 million, amounting to a 1.01% ownership of the company.
• Analysts have set a moderate buy consensus rating for Wyndham, with several firms raising their price targets to around $101.00, reflecting positive sentiment toward the company's performance.
• Wyndham Hotels & Resorts reported an earnings per share (EPS) of $1.33 for the last quarter, exceeding analysts' expectations and showcasing an increase in revenue by 8.2% year-over-year.

Nuveen LLC acquired a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 777,290 shares of the company's stock, valued at approximately $70,353,000. Nuveen LLC owned approximately 1.01% of Wyndham Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Entropy Technologies LP acquired a new stake in Wyndham Hotels & Resorts during the 1st quarter worth $378,000. Citigroup Inc. raised its holdings in Wyndham Hotels & Resorts by 432.7% in the 1st quarter. Citigroup Inc. now owns 116,007 shares of the company's stock valued at $10,500,000 after acquiring an additional 94,228 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Wyndham Hotels & Resorts by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 740,217 shares of the company's stock worth $66,997,000 after purchasing an additional 7,507 shares in the last quarter. Commerce Bank increased its holdings in shares of Wyndham Hotels & Resorts by 2,247.5% in the first quarter. Commerce Bank now owns 204,892 shares of the company's stock valued at $18,545,000 after purchasing an additional 196,164 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Wyndham Hotels & Resorts by 4.3% during the first quarter. Natixis Advisors LLC now owns 37,590 shares of the company's stock worth $3,402,000 after buying an additional 1,551 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

Wyndham Hotels & Resorts Stock Down 0.8%

NYSE:WH traded down $0.68 during midday trading on Monday, reaching $87.24. The company had a trading volume of 202,413 shares, compared to its average volume of 1,038,142. Wyndham Hotels & Resorts has a 12-month low of $75.08 and a 12-month high of $113.07. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.55 and a beta of 0.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. The stock's fifty day simple moving average is $84.87 and its 200-day simple moving average is $89.47.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate 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 company had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. During the same quarter in the previous year, the business posted $1.13 EPS. The firm's revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

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