C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $18.76 Million in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 186,169 shares of the company’s stock, valued at approximately $18,764,000. Wyndham Hotels & Resorts accounts for 0.9% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ investment portfolio, making the stock its 20th biggest holding.

Several other hedge funds also recently made changes to their positions in WH. Allspring Global Investments Holdings LLC boosted its stake in Wyndham Hotels & Resorts by 71.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 84,468 shares of the company’s stock worth $8,430,000 after acquiring an additional 35,329 shares in the last quarter. Equitable Trust Co. lifted its holdings in shares of Wyndham Hotels & Resorts by 1.5% during the fourth quarter. Equitable Trust Co. now owns 9,295 shares of the company’s stock valued at $937,000 after purchasing an additional 135 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Wyndham Hotels & Resorts by 2.2% in the 4th quarter. Empowered Funds LLC now owns 7,846 shares of the company’s stock worth $791,000 after purchasing an additional 169 shares in the last quarter. Sargent Investment Group LLC purchased a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter worth approximately $204,000. Finally, Trust Point Inc. bought a new position in Wyndham Hotels & Resorts during the 4th quarter valued at approximately $673,000. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $109.01 on Thursday. The firm has a fifty day simple moving average of $103.03 and a two-hundred day simple moving average of $90.17. The firm has a market cap of $8.48 billion, a PE ratio of 34.61, a P/E/G ratio of 2.14 and a beta of 1.29. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $109.14.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. On average, equities analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

Analysts Set New Price Targets

Several research firms have commented on WH. JPMorgan Chase & Co. boosted their target price on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays increased their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group raised their price target on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $108.10.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.