Wyndham Hotels & Resorts, Inc. (NYSE:WH) Increases Dividend to $0.41 Per Share

Wyndham Hotels & Resorts, Inc. (NYSE:WH) announced a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.41 per share on Monday, March 31st. This represents a $1.64 annualized dividend and a yield of 1.56%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38.

Wyndham Hotels & Resorts has raised its dividend by an average of 20.0% annually over the last three years. Wyndham Hotels & Resorts has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wyndham Hotels & Resorts to earn $5.48 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 27.7%.

Wyndham Hotels & Resorts Trading Up 0.6 %

Shares of NYSE WH traded up $0.58 during midday trading on Wednesday, reaching $104.95. The company had a trading volume of 31,175 shares, compared to its average volume of 769,028. The stock has a market cap of $8.16 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $113.07. The firm’s fifty day moving average price is $104.80 and its 200-day moving average price is $93.41. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WH shares. 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 report on Friday, December 13th. The Goldman Sachs Group increased their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday. Stifel Nicolaus raised their price target 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, Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price 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.