Forum Financial Management LP Takes Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Forum Financial Management LP bought a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,306 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock worth $35,000 after purchasing an additional 108 shares in the last quarter. Principal Securities Inc. increased its position in shares of Wyndham Hotels & Resorts by 1.0% in the fourth quarter. Principal Securities Inc. now owns 10,941 shares of the company’s stock worth $1,103,000 after acquiring an additional 113 shares in the last quarter. Equitable Trust Co. raised 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 acquiring an additional 135 shares during the period. UMB Bank n.a. lifted its position in shares of Wyndham Hotels & Resorts by 72.7% in the 4th 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, Empowered Funds LLC lifted 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 valued at $791,000 after acquiring an additional 169 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Up 2.4 %

WH stock opened at $80.83 on Wednesday. The firm has a market cap of $6.26 billion, a PE ratio of 22.27, 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 company has a fifty day simple moving average of $93.47 and a 200 day simple moving average of $96.01. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72.

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

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 17th. Wyndham Hotels & Resorts’s payout ratio is presently 45.18%.

Wall Street Analyst Weigh In

Several analysts have issued reports on WH shares. Redburn Atlantic raised shares of 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. Susquehanna increased their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Truist Financial decreased their price target on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Stifel Nicolaus upped their price objective on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.33.

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.