Verition Fund Management LLC bought a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,752 shares of the company's stock, valued at approximately $318,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Prospera Financial Services Inc purchased a new position in shares of Wyndham Hotels & Resorts during the 1st quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new position in shares of Wyndham Hotels & Resorts during the 1st quarter valued at about $27,000. Lloyd Advisory Services LLC. purchased a new position in shares of Wyndham Hotels & Resorts during the 1st quarter valued at about $27,000. Rise Advisors LLC purchased a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at about $44,000. Finally, Quent Capital LLC lifted its position in shares of Wyndham Hotels & Resorts by 51.0% during the 1st quarter. Quent Capital LLC now owns 509 shares of the company's stock valued at $43,000 after buying an additional 172 shares in the last quarter. 90.26% of the stock is owned by hedge funds and other institutional investors.
Get Wyndham Hotels & Resorts alerts:Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on WH. Barclays initiated coverage on Wyndham Hotels & Resorts in a research report on Tuesday, June 28th. They set an "equal weight" rating and a $77.00 price objective on the stock. Robert W. Baird decreased their target price on Wyndham Hotels & Resorts from $96.00 to $88.00 in a research note on Friday, July 29th. Stifel Nicolaus decreased their target price on Wyndham Hotels & Resorts from $99.00 to $85.50 in a research note on Wednesday, July 6th. Finally, StockNews.com downgraded Wyndham Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $87.75.
Wyndham Hotels & Resorts Stock Performance
NYSE:WH opened at $59.70 on Monday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. Wyndham Hotels & Resorts, Inc. has a 1 year low of $58.90 and a 1 year high of $93.86. The stock's 50 day simple moving average is $67.73 and its two-hundred day simple moving average is $74.54. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.60 and a beta of 1.47.Wyndham Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, September 13th. Wyndham Hotels & Resorts's payout ratio is 34.13%.
About Wyndham Hotels & Resorts
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Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.
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