The Manufacturers Life Insurance Company Buys 226,146 Shares of Wyndham Hotels & Resorts $WH

Key Points

• The Manufacturers Life Insurance Company increased its stake in Wyndham Hotels & Resorts by 155.2% during the 1st quarter, owning approximately $33.65 million in shares.
• Wyndham Hotels & Resorts recently announced a dividend of $0.41 per share, yielding 1.9%, with payment scheduled for September 30th.
• Analysts are optimistic about Wyndham Hotels & Resorts, with a consensus rating of "Moderate Buy" and an average price target of $106.98.

The Manufacturers Life Insurance Company increased its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 155.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 371,823 shares of the company's stock after buying an additional 226,146 shares during the quarter. The Manufacturers Life Insurance Company owned 0.48% of Wyndham Hotels & Resorts worth $33,654,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WH. Nuveen LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth $70,353,000. Interval Partners LP bought a new stake in Wyndham Hotels & Resorts in the 4th quarter worth about $31,991,000. Balyasny Asset Management L.P. purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at about $29,846,000. Fiera Capital Corp bought a new position in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $22,073,000. Finally, Long Pond Capital LP purchased a new position in shares of Wyndham Hotels & Resorts in the 1st quarter worth approximately $21,103,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on WH shares. Barclays lifted their price target 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. started coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective for the company. Robert W. Baird boosted their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Truist Financial lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Morgan Stanley reissued an "overweight" rating and set a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH traded up $0.08 during mid-day trading on Friday, hitting $86.29. The company had a trading volume of 1,053,954 shares, compared to its average volume of 1,016,996. The stock's 50-day moving average price is $86.72 and its 200-day moving average price is $87.76. Wyndham Hotels & Resorts has a 1 year low of $75.91 and a 1 year high of $113.07. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.51 and a beta of 0.93. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share (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 analyst estimates of $384.69 million. During the same quarter last year, the company earned $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. On average, sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

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 given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.64 annualized dividend and a yield of 1.9%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 38.32%.

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.