KLP Kapitalforvaltning AS Invests $1.70 Million in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

KLP Kapitalforvaltning AS bought a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,900 shares of the company’s stock, valued at approximately $1,703,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake 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 worth $35,000 after purchasing an additional 108 shares in the last quarter. Principal Securities Inc. lifted its holdings in Wyndham Hotels & Resorts by 1.0% during the 4th quarter. Principal Securities Inc. now owns 10,941 shares of the company’s stock worth $1,103,000 after buying an additional 113 shares during the last quarter. Equitable Trust Co. boosted its position in shares of Wyndham Hotels & Resorts by 1.5% during the 4th quarter. Equitable Trust Co. now owns 9,295 shares of the company’s stock worth $937,000 after acquiring an additional 135 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Wyndham Hotels & Resorts by 4.2% in the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock valued at $267,000 after acquiring an additional 138 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Wyndham Hotels & Resorts by 72.7% during the 4th quarter. UMB Bank n.a. now owns 399 shares of the company’s stock worth $40,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price target 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 target price 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. Truist Financial reduced 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 research report on Friday, March 21st. The Goldman Sachs Group raised their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Susquehanna boosted their target price on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.08.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $89.62 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 business has a 50 day simple moving average of $101.89 and a 200-day simple moving average of $95.34. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07. The stock has a market capitalization of $6.97 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping 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%. 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.41 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 1.83%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. 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.