Maryland State Retirement & Pension System Sells 439 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Maryland State Retirement & Pension System lessened its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,043 shares of the company’s stock after selling 439 shares during the period. Maryland State Retirement & Pension System’s holdings in Wyndham Hotels & Resorts were worth $407,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. TimesSquare Capital Management LLC lifted its stake in shares of Wyndham Hotels & Resorts by 74.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company’s stock valued at $50,167,000 after acquiring an additional 213,052 shares during the last quarter. Boston Partners increased its holdings in Wyndham Hotels & Resorts by 5.3% in the 4th quarter. Boston Partners now owns 3,853,527 shares of the company’s stock worth $388,462,000 after purchasing an additional 192,221 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Wyndham Hotels & Resorts in the fourth quarter valued at about $18,764,000. Raymond James Financial Inc. acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter valued at about $8,462,000. Finally, Wealthfront Advisers LLC bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth about $7,558,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WH shares. JPMorgan Chase & Co. raised their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Susquehanna lifted their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Truist Financial reduced 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 note on Friday, March 21st. Wells Fargo & Company raised their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Redburn Atlantic upgraded Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Monday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $116.08.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $92.25 on Wednesday. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $113.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm has a market capitalization of $7.17 billion, a P/E ratio of 25.41, a P/E/G ratio of 1.87 and a beta of 1.28. The company has a fifty day moving average of $102.57 and a 200-day moving average of $95.30.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, February 12th. The company reported $1.04 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, sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.41 dividend. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Monday, March 17th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 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.