Wyndham Hotels & Resorts, Inc. (WH) to Issue Quarterly Dividend of $0.38 on December 27th

Wyndham Hotels & Resorts, Inc. (NYSE:WH) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors 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 yield of 1.57%. The ex-dividend date of this dividend is Friday, December 13th.

Wyndham Hotels & Resorts has raised its dividend by an average of 35.7% annually over the last three years. Wyndham Hotels & Resorts has a payout ratio of 32.0% meaning 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 WH opened at $96.92 on Friday. The stock’s fifty day simple moving average is $85.48 and its 200 day simple moving average is $77.77. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $98.73. 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 firm has a market capitalization of $7.54 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on WH. The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price for the company. Truist Financial increased 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. Oppenheimer raised their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $97.86.

Insider Activity

In related news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at $823,661.96. The trade was a 32.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,890 shares of company stock worth $9,273,255. Corporate 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.