Bank of Montreal Can Buys 561 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Bank of Montreal Can raised its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 13,030 shares of the company’s stock after buying an additional 561 shares during the period. Bank of Montreal Can’s holdings in Wyndham Hotels & Resorts were worth $1,313,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Trust Co. of Vermont grew its position in Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock worth $28,000 after buying an additional 234 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Wyndham Hotels & Resorts by 46.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock valued at $35,000 after buying an additional 108 shares during the last quarter. UMB Bank n.a. increased its position in shares of Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. Finally, Sherman Asset Management Inc. purchased a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $54,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on WH. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Monday, March 24th. Wells Fargo & Company lifted their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Susquehanna upped their target price on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Robert W. Baird lifted 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. Finally, Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.67.

Wyndham Hotels & Resorts Trading Down 0.4 %

Shares of WH stock opened at $81.41 on Friday. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.87 and a beta of 1.11. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07. The firm has a fifty day moving average price of $95.12 and a 200-day moving average price of $95.84.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.41 per share. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 45.18%.

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.