Voya Investment Management LLC Boosts Stake in Wyndham Hotels & Resorts $WH

Key Points

• Voya Investment Management LLC increased its stake in Wyndham Hotels & Resorts by 85.6% in Q1, now owning 21,038 shares valued at approximately $1.9 million.
• Analysts have given Wyndham Hotels & Resorts an average rating of "Moderate Buy", with price targets ranging from $99.00 to $106.98.
• The company reported Q2 earnings per share of $1.33, exceeding analysts' expectations, and announced a quarterly dividend of $0.41 per share.

Voya Investment Management LLC lifted its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 85.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,038 shares of the company's stock after purchasing an additional 9,704 shares during the quarter. Voya Investment Management LLC's holdings in Wyndham Hotels & Resorts were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Janney Capital Management LLC purchased a new stake in Wyndham Hotels & Resorts during the first quarter valued at $428,000. Man Group plc purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at $339,000. Generate Investment Management Ltd purchased a new stake in Wyndham Hotels & Resorts during the first quarter valued at $6,258,000. USA Financial Formulas purchased a new stake in Wyndham Hotels & Resorts during the first quarter valued at $314,000. Finally, NBC Securities Inc. increased its position in Wyndham Hotels & Resorts by 133,933.3% during the first quarter. NBC Securities Inc. now owns 4,021 shares of the company's stock valued at $363,000 after acquiring an additional 4,018 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on WH shares. Robert W. Baird upped their price objective 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. Truist Financial upped their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price target for the company. Morgan Stanley restated an "overweight" rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Barclays upped their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Eleven equities research 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 company presently has an average rating of "Moderate Buy" and an average price target of $106.98.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $82.96 on Monday. 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 has a 12-month low of $76.65 and a 12-month high of $113.07. The stock has a 50-day moving average price of $86.79 and a 200 day moving average price of $85.77. The stock has a market capitalization of $6.33 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.46 and a beta of 0.94.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. During the same quarter last year, the business posted $1.13 earnings per share. 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. Equities research analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a yield of 2.0%. Wyndham Hotels & Resorts's dividend payout ratio is presently 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.

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