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

Wyndham Hotels & Resorts, Inc. (NYSE:WH) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given 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 1.57%. 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% per year 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. 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 traded up $2.15 during trading on Thursday, reaching $96.85. The stock had a trading volume of 281,833 shares, compared to its average volume of 751,103. The stock’s 50 day moving average is $85.10 and its two-hundred day moving average is $77.63. 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 company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 30.06, a P/E/G ratio of 2.40 and a beta of 1.31. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $98.73.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $408.32 million. During the same period in the prior year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current year.

Insider Activity at Wyndham Hotels & Resorts

In other news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the transaction, the director now owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This represents a 17.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. This trade represents a 32.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,890 shares of company stock valued at $9,273,255. 2.79% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WH. Truist Financial increased their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Oppenheimer raised their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Stifel Nicolaus lifted their target price on 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 lifted their target price on 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $97.86.

About Wyndham Hotels & Resorts

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.