Trust Point Inc. Makes New Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Trust Point Inc. acquired a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 6,675 shares of the company’s stock, valued at approximately $673,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont increased its holdings 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 period. Assetmark Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after buying an additional 190 shares during the period. First Horizon Advisors Inc. raised its holdings 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 acquiring an additional 203 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Wyndham Hotels & Resorts by 72.7% in the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock worth $40,000 after acquiring an additional 168 shares during the period. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on WH. JPMorgan Chase & Co. upped their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Robert W. Baird increased their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Jefferies Financial Group lifted their price objective on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Oppenheimer increased their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Barclays lifted their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $108.10.

Wyndham Hotels & Resorts Stock Up 0.0 %

WH stock opened at $106.04 on Wednesday. The business has a 50 day moving average of $101.92 and a 200 day moving average of $88.88. The firm has a market cap of $8.25 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $107.18. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 48.25%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.