T. Rowe Price Investment Management Inc. Sells 85,559 Shares of 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. cut its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,333,609 shares of the company's stock after selling 85,559 shares during the quarter. 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 SEC.

A number of other institutional investors have also made changes to their positions in the business. Nuveen LLC acquired a new position in shares of Wyndham Hotels & Resorts in the 1st quarter valued at approximately $70,353,000. Freestone Grove Partners LP bought a new position in Wyndham Hotels & Resorts during the 4th quarter worth $54,738,000. Interval Partners LP bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter worth $31,991,000. Balyasny Asset Management L.P. bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter worth $29,846,000. Finally, Fiera Capital Corp acquired a new stake in Wyndham Hotels & Resorts in the first quarter valued at about $22,073,000. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Trading Up 0.9%

NYSE:WH traded up $0.78 on Wednesday, reaching $88.42. The stock had a trading volume of 152,449 shares, compared to its average volume of 1,020,997. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.54 and a beta of 0.99. Wyndham Hotels & Resorts has a 12-month low of $75.91 and a 12-month high of $113.07. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. The firm's fifty day moving average is $85.72 and its two-hundred day moving average is $88.66.

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 return on equity of 60.79% and a net margin of 23.10%.The company had revenue of $397.00 million for the quarter, compared to analysts' expectations of $384.69 million. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The firm's quarterly 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 analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WH. JPMorgan Chase & Co. began coverage on 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. Stifel Nicolaus reduced their target price 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. Morgan Stanley restated an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Truist Financial increased their price objective 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. Finally, Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus 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.