Wyndham Hotels & Resorts, Inc. (NYSE:WH) Announces $0.38 Quarterly Dividend

Wyndham Hotels & Resorts, Inc. (NYSE:WH) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.38 per share on Friday, December 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, December 13th.

Wyndham Hotels & Resorts has raised its dividend payment by an average of 35.7% annually over the last three years. Wyndham Hotels & Resorts has a dividend payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wyndham Hotels & Resorts to earn $4.77 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 31.9%.

Wyndham Hotels & Resorts Stock Up 2.3 %

WH stock opened at $96.92 on Friday. The firm has a market capitalization of $7.54 billion, a PE ratio of 30.77, a PEG ratio of 2.40 and a beta of 1.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The business’s 50 day simple moving average is $85.48 and its 200 day simple moving average is $77.77. Wyndham Hotels & Resorts has a 1-year low of $67.67 and a 1-year high of $98.73.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.31 EPS. As a group, research analysts anticipate that Wyndham Hotels & Resorts will post 4.3 EPS for the current year.

Insider Activity

In related news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the sale, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. This represents a 32.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,890 shares of company stock worth $9,273,255. Insiders own 2.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on WH shares. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their price objective on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer raised their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Truist Financial lifted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.86.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.