T. Rowe Price Investment Management Inc. Decreases Position in Wyndham Hotels & Resorts $WH

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Wyndham Hotels & Resorts by 6.0%, selling 85,559 shares and retaining approximately 1.73% ownership, valued at around $120.7 million.
• Wyndham Hotels & Resorts reported $1.33 EPS for the recent quarter, exceeding analyst expectations, and forecasted 4.79 EPS for the current fiscal year.
• The company announced a quarterly dividend of $0.41 per share, resulting in an annualized dividend yield of 1.9%, set to be paid on September 30th.

T. Rowe Price Investment Management Inc. lessened its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,333,609 shares of the company's stock after selling 85,559 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.73% of Wyndham Hotels & Resorts worth $120,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Janney Capital Management LLC purchased a new position in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $428,000. Man Group plc purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter worth about $339,000. Generate Investment Management Ltd acquired a new stake in Wyndham Hotels & Resorts during the 1st quarter worth approximately $6,258,000. USA Financial Formulas purchased a new stake in Wyndham Hotels & Resorts during the 1st quarter worth about $314,000. Finally, NBC Securities Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 133,933.3% in the 1st quarter. NBC Securities Inc. now owns 4,021 shares of the company's stock valued at $363,000 after buying an additional 4,018 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Wyndham Hotels & Resorts Trading Up 0.3%

Shares of NYSE:WH traded up $0.29 during trading on Tuesday, reaching $87.77. The stock had a trading volume of 427,055 shares, compared to its average volume of 1,023,692. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The stock has a market cap of $6.70 billion, a P/E ratio of 20.51, a PEG ratio of 1.57 and a beta of 0.99. The business has a fifty day moving average price of $85.57 and a 200-day moving average price of $88.67. Wyndham Hotels & Resorts has a fifty-two week low of $75.91 and a fifty-two week high of $113.07.

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, 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 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 earned $1.13 EPS. The firm'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. As a group, analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared 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. This represents a $1.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, September 15th. Wyndham Hotels & Resorts's payout ratio is 38.32%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays boosted their price target on shares of 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. began coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective for the company. Stifel Nicolaus cut 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. Morgan Stanley restated an "overweight" rating and set a $105.00 target price on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Truist Financial raised their price objective on shares of 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.98.

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.