Farther Finance Advisors LLC Acquires 1,985 Shares of Wyndham Hotels & Resorts $WH

Farther Finance Advisors LLC boosted its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH) by 108.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,813 shares of the company’s stock after purchasing an additional 1,985 shares during the quarter. Farther Finance Advisors LLC’s holdings in Wyndham Hotels & Resorts were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. raised its stake in Wyndham Hotels & Resorts by 3.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,369,461 shares of the company’s stock valued at $214,460,000 after purchasing an additional 68,172 shares during the period. Bessemer Group Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 1.7% in the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company’s stock worth $122,786,000 after purchasing an additional 22,990 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Wyndham Hotels & Resorts by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 878,295 shares of the company’s stock worth $79,494,000 after purchasing an additional 26,321 shares during the last quarter. Nuveen LLC bought a new stake in shares of Wyndham Hotels & Resorts in the first quarter worth about $70,353,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 740,217 shares of the company’s stock worth $66,997,000 after purchasing an additional 7,507 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an “overweight” rating and a $101.00 target price on the stock. Truist Financial lifted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Barclays lifted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.98.

Wyndham Hotels & Resorts Trading Down 0.8%

Shares of NYSE WH opened at $80.84 on Tuesday. The business’s 50 day moving average is $86.12 and its two-hundred day moving average is $85.34. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. Wyndham Hotels & Resorts has a 1-year low of $76.65 and a 1-year high of $113.07. The stock has a market capitalization of $6.17 billion, a P/E ratio of 18.89, a PEG ratio of 1.43 and a beta of 0.94.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The company had revenue of $397.00 million for the quarter, compared to analysts’ expectations of $384.69 million. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, research analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, September 15th. Wyndham Hotels & Resorts’s payout ratio is 38.32%.

Wyndham Hotels & Resorts Profile

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.