Boston Partners Reduces Position in Wyndham Hotels & Resorts $WH

Key Points

• Boston Partners reduced its holdings in Wyndham Hotels & Resorts by 25.6%, owning approximately 3.73% of the company, following the sale of nearly 1 million shares.
• Analyst ratings indicate a general positive outlook for Wyndham Hotels & Resorts, with a consensus rating of Moderate Buy and an average target price of $106.98.
• Wyndham Hotels & Resorts reported better-than-expected quarterly earnings, with an EPS of $1.33, surpassing the consensus estimate of $1.16, and revenue growth of 8.2% year-over-year.

Boston Partners lowered its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,868,843 shares of the company's stock after selling 984,684 shares during the period. Boston Partners owned approximately 3.73% of Wyndham Hotels & Resorts worth $259,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. lifted its stake in Wyndham Hotels & Resorts by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company's stock worth $231,947,000 after purchasing an additional 37,832 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Wyndham Hotels & Resorts by 6.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock worth $143,038,000 after purchasing an additional 81,730 shares during the last quarter. Bessemer Group Inc. lifted its stake in Wyndham Hotels & Resorts by 1.7% in the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock worth $122,786,000 after purchasing an additional 22,990 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Wyndham Hotels & Resorts by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,309,177 shares of the company's stock worth $131,952,000 after purchasing an additional 29,220 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Wyndham Hotels & Resorts by 21.3% in the fourth quarter. Northern Trust Corp now owns 1,012,915 shares of the company's stock worth $102,092,000 after purchasing an additional 178,047 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Down 0.3%

NYSE:WH traded down $0.30 during trading hours on Monday, reaching $87.61. The company's stock had a trading volume of 728,932 shares, compared to its average volume of 1,041,766. The company has a market capitalization of $6.69 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.55 and a beta of 0.99. Wyndham Hotels & Resorts has a 12 month low of $75.08 and a 12 month high of $113.07. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average price of $84.87 and a two-hundred day moving average price of $89.47.

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 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 the consensus estimate of $384.69 million. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Wyndham Hotels & Resorts's revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.9%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.32%.

Analyst Ratings Changes

Several analysts have issued reports on WH shares. Truist Financial raised their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Robert W. Baird lifted their price target 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. JPMorgan Chase & Co. started coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target for the company. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Stifel Nicolaus decreased their price target on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.