State of New Jersey Common Pension Fund D Sells 97 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

State of New Jersey Common Pension Fund D lowered its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 0.1% during the fourth quarter, Holdings Channel reports. The fund owned 134,085 shares of the company’s stock after selling 97 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Wyndham Hotels & Resorts were worth $13,514,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in Wyndham Hotels & Resorts by 91.9% during the third quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock worth $2,396,000 after acquiring an additional 14,688 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Wyndham Hotels & Resorts by 40.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock worth $136,533,000 after purchasing an additional 506,593 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Wyndham Hotels & Resorts by 37.7% during the 3rd quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after purchasing an additional 9,463 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Wyndham Hotels & Resorts by 15.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company’s stock valued at $5,027,000 after purchasing an additional 8,389 shares during the period. Finally, Impax Asset Management Group plc grew its position in shares of Wyndham Hotels & Resorts by 35.0% in the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock valued at $10,549,000 after purchasing an additional 35,000 shares during the period. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial boosted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Jefferies Financial Group increased their price objective on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Stifel Nicolaus boosted their target price on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.30.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock opened at $109.47 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock has a market cap of $8.52 billion, a PE ratio of 34.75, a P/E/G ratio of 2.14 and a beta of 1.29. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $110.94. The business’s 50-day moving average price is $103.46 and its two-hundred day moving average price is $90.95.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. As a group, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Wyndham Hotels & Resorts 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.