Northern Trust Corp Decreases Position in Wyndham Hotels & Resorts $WH

Key Points

• Northern Trust Corp has reduced its stake in Wyndham Hotels & Resorts by 10.2%, now holding 909,948 shares valued at approximately $82.4 million.
• Despite the stake reduction, several institutional investors, including Xponance Inc. and Avantax Advisory Services Inc., have increased their holdings, indicating continued interest in the stock.
• Wyndham Hotels & Resorts reported a quarterly EPS of $1.33, surpassing estimates, and announced a $0.41 quarterly dividend, yielding 1.8% annually.

Northern Trust Corp trimmed its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 10.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 909,948 shares of the company's stock after selling 102,967 shares during the quarter. Northern Trust Corp owned approximately 1.18% of Wyndham Hotels & Resorts worth $82,359,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Brooklyn Investment Group raised its holdings in shares of Wyndham Hotels & Resorts by 94.7% in the first quarter. Brooklyn Investment Group now owns 1,221 shares of the company's stock worth $111,000 after acquiring an additional 594 shares during the last quarter. Elequin Capital LP acquired a new position in shares of Wyndham Hotels & Resorts in the first quarter worth $29,000. Burgundy Asset Management Ltd. raised its holdings in shares of Wyndham Hotels & Resorts by 3.0% in the first quarter. Burgundy Asset Management Ltd. now owns 2,369,461 shares of the company's stock worth $214,460,000 after acquiring an additional 68,172 shares during the last quarter. Algert Global LLC raised its holdings in shares of Wyndham Hotels & Resorts by 613.0% in the first quarter. Algert Global LLC now owns 46,060 shares of the company's stock worth $4,169,000 after acquiring an additional 39,600 shares during the last quarter. Finally, Ethic Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 9.0% in the first quarter. Ethic Inc. now owns 13,443 shares of the company's stock worth $1,223,000 after acquiring an additional 1,106 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WH. Truist Financial lifted their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, July 25th. 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 note on Friday, July 25th. Barclays upped their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Finally, 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 target price for the company. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.98.

Wyndham Hotels & Resorts Trading Down 1.1%

NYSE:WH traded down $0.92 on Friday, hitting $86.65. 765,725 shares of the stock were exchanged, compared to its average volume of 785,848. The stock has a market cap of $6.62 billion, a PE ratio of 20.24, a PEG ratio of 1.52 and a beta of 0.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. The stock has a fifty day moving average of $86.20 and a 200-day moving average of $88.24. 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 announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The company had revenue of $397.00 million during the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 earnings per share. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, equities analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

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

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.