The Manufacturers Life Insurance Company Boosts Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

The Manufacturers Life Insurance Company boosted its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 126.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,677 shares of the company's stock after buying an additional 81,348 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.19% of Wyndham Hotels & Resorts worth $14,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP purchased a new position in shares of Wyndham Hotels & Resorts during the fourth quarter worth about $41,000. Coldstream Capital Management Inc. raised its position in shares of Wyndham Hotels & Resorts by 4.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock valued at $508,000 after buying an additional 195 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 6.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock worth $143,038,000 after acquiring an additional 81,730 shares during the last quarter. Pinebridge Investments L.P. grew its position in Wyndham Hotels & Resorts by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 31,605 shares of the company's stock worth $3,185,000 after acquiring an additional 9,456 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Wyndham Hotels & Resorts by 3.3% in the fourth quarter. Stifel Financial Corp now owns 31,679 shares of the company's stock valued at $3,193,000 after acquiring an additional 1,014 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WH shares. Wells Fargo & Company upped their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus decreased their price target on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group lowered their price objective on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Monday, March 24th. Finally, Susquehanna boosted their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and a consensus target price of $108.48.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock traded up $0.06 during midday trading on Friday, hitting $84.35. 315,463 shares of the company were exchanged, compared to its average volume of 843,404. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $6.49 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. The business has a fifty day simple moving average of $87.70 and a two-hundred day simple moving average of $96.24. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 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, April 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. The firm had revenue of $316.00 million for the quarter, compared to analysts' expectations of $320.10 million. During the same quarter in the previous year, the company posted $0.78 EPS. The company's revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.41 dividend. The ex-dividend date was Monday, March 17th. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 1.94%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 38.86%.

Wyndham Hotels & Resorts Company 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.