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

Wyndham Hotels & Resorts, Inc. (NYSE:WH) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 1.50%. 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 payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.3 %

Shares of Wyndham Hotels & Resorts stock opened at $101.44 on Wednesday. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50-day moving average of $90.69 and a 200-day moving average of $80.39. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $103.17. The stock has a market cap of $7.89 billion, a PE ratio of 32.20, a PEG ratio of 2.58 and a beta of 1.32.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WH. Stifel Nicolaus increased their target price on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Company began coverage on shares of Wyndham Hotels & Resorts in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 target price for the company. The Goldman Sachs Group increased 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. Finally, Oppenheimer lifted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.75.

Insider Buying and Selling

In related news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the transaction, the insider now directly owns 26,062 shares in the company, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the sale, the chief financial officer now owns 10,056 shares of the company’s stock, valued at $904,939.44. This trade represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,850 shares of company stock valued at $8,881,849 over the last 90 days. Company insiders own 2.79% of the company’s stock.

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.