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

Wyndham Hotels & Resorts, Inc. (NYSE:WH) announced a quarterly dividend on Thursday, November 21st,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 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date 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 32.0% 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 2.3 %

Shares of NYSE:WH traded up $2.15 during midday trading on Thursday, reaching $96.85. The company’s stock had a trading volume of 281,833 shares, compared to its average volume of 751,103. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 2.40 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $98.73. The business has a 50 day moving average price of $85.10 and a 200 day moving average price of $77.63.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results 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 return on equity of 51.79% and a net margin of 18.29%. 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 business earned $1.31 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts forecast that Wyndham Hotels & Resorts will post 4.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WH shares. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target for the company. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Oppenheimer boosted their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial boosted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays boosted their price target on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.86.

Insider Buying and Selling

In other news, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The stock was 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 directly owns 10,056 shares of the company’s stock, valued at $904,939.44. This represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,890 shares of company stock valued at $9,273,255 in the last three months. 2.79% of the stock is currently owned by corporate insiders.

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.