Raymond James Financial Inc. Acquires New Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Raymond James Financial Inc. acquired a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 83,957 shares of the company’s stock, valued at approximately $8,462,000.

Several other institutional investors and hedge funds have also modified their holdings of WH. Empowered Funds LLC lifted its stake in shares of Wyndham Hotels & Resorts by 44.3% during the third quarter. Empowered Funds LLC now owns 7,677 shares of the company’s stock valued at $600,000 after buying an additional 2,355 shares during the period. Natixis Advisors LLC lifted its stake in shares of Wyndham Hotels & Resorts by 37.7% during the third quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after buying an additional 9,463 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after buying an additional 203 shares during the period. Intech Investment Management LLC lifted its stake in shares of Wyndham Hotels & Resorts by 87.2% during the third quarter. Intech Investment Management LLC now owns 5,901 shares of the company’s stock valued at $461,000 after buying an additional 2,749 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company’s stock valued at $56,423,000 after buying an additional 7,241 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

WH has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Jefferies Financial Group increased their price target on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Robert W. Baird increased their price target on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Susquehanna increased 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. Finally, Stifel Nicolaus increased their price target on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $116.18.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $90.76 on Friday. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The firm has a fifty day moving average of $102.92 and a 200-day moving average of $94.96. The firm has a market capitalization of $7.06 billion, a P/E ratio of 25.00, a PEG ratio of 1.87 and a beta of 1.28. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.81%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 17th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 45.18%.

Wyndham Hotels & Resorts 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.