WH has been the topic of several other reports. HSBC initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, October 23rd. They set a buy rating and a $87.00 price target on the stock. Morgan Stanley lifted their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an overweight rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus decreased their target price on shares of Wyndham Hotels & Resorts from $84.00 to $83.00 and set a buy rating on the stock in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $87.00.
Wyndham Hotels & Resorts Trading Up 1.4 %
Wyndham Hotels & Resorts Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, December 12th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 40.82%.
Hedge Funds Weigh In On Wyndham Hotels & Resorts
A number of hedge funds have recently bought and sold shares of the company. TCW Group Inc. boosted its stake in Wyndham Hotels & Resorts by 412.3% in the 4th quarter. TCW Group Inc. now owns 147,938 shares of the company’s stock worth $11,896,000 after purchasing an additional 119,060 shares in the last quarter. Franklin Resources Inc. boosted its stake in Wyndham Hotels & Resorts by 1,878.9% in the 4th quarter. Franklin Resources Inc. now owns 161,280 shares of the company’s stock worth $12,969,000 after purchasing an additional 153,130 shares in the last quarter. Quest Partners LLC bought a new position in Wyndham Hotels & Resorts in the 4th quarter worth about $419,000. PineStone Asset Management Inc. boosted its stake in Wyndham Hotels & Resorts by 38.9% in the 4th quarter. PineStone Asset Management Inc. now owns 229,600 shares of the company’s stock worth $18,462,000 after purchasing an additional 64,300 shares in the last quarter. Finally, UBS Group AG lifted its stake in Wyndham Hotels & Resorts by 6.3% during the 4th quarter. UBS Group AG now owns 33,326 shares of the company’s stock valued at $2,680,000 after acquiring an additional 1,984 shares during the period. Institutional investors own 92.06% of the company’s stock.
Wyndham Hotels & Resorts Company Profile
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 hotels.
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