T. Rowe Price Investment Management Inc. Purchases 81,730 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

T. Rowe Price Investment Management Inc. boosted its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,419,168 shares of the company's stock after acquiring an additional 81,730 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.82% of Wyndham Hotels & Resorts worth $143,038,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in Wyndham Hotels & Resorts by 17.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company's stock valued at $17,533,000 after purchasing an additional 25,702 shares during the period. CIBC Asset Management Inc bought a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at approximately $248,000. Bessemer Group Inc. increased its holdings in Wyndham Hotels & Resorts by 24,953.8% in the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock worth $134,414,000 after acquiring an additional 1,328,292 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $28,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Wyndham Hotels & Resorts by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock worth $85,870,000 after purchasing an additional 8,129 shares during the period. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH traded down $2.07 on Wednesday, reaching $84.04. The company's stock had a trading volume of 216,051 shares, compared to its average volume of 825,515. The company has a 50-day simple moving average of $90.90 and a 200 day simple moving average of $96.22. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. 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 company has a market cap of $6.51 billion, a P/E ratio of 23.15, a PEG ratio of 1.87 and a beta of 1.11.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. As a group, equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is an increase 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 1.95%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 45.18%.

Wall Street Analyst Weigh In

WH has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Redburn Atlantic raised Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price objective for the company in a research note on Monday, March 24th. Wells Fargo & Company increased their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Jefferies Financial Group lowered their price target on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Truist Financial cut their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.33.

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.