State of Michigan Retirement System Trims Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

State of Michigan Retirement System trimmed its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,453 shares of the company’s stock after selling 300 shares during the period. State of Michigan Retirement System’s holdings in Wyndham Hotels & Resorts were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in WH. Jones Financial Companies Lllp raised its position in Wyndham Hotels & Resorts by 435.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,365 shares of the company’s stock valued at $138,000 after purchasing an additional 1,110 shares in the last quarter. IFG Advisors LLC bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at about $202,000. Smartleaf Asset Management LLC lifted its stake in Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock worth $35,000 after acquiring an additional 108 shares during the period. Sherman Asset Management Inc. bought a new position in Wyndham Hotels & Resorts during the 4th quarter worth about $54,000. Finally, US Bancorp DE increased its position in Wyndham Hotels & Resorts by 2.2% during the 4th quarter. US Bancorp DE now owns 17,709 shares of the company’s stock valued at $1,785,000 after purchasing an additional 388 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock opened at $98.44 on Friday. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $113.07. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.87 and a beta of 1.28. The stock’s 50-day simple moving average is $104.81 and its 200-day simple moving average is $94.03.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal 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 paid a $0.41 dividend. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 1.67%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 41.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WH shares. The Goldman Sachs Group upped their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Truist Financial upped their target price on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Oppenheimer lifted their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Stifel Nicolaus upped their price objective on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lifted their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.45.

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.