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

Wyndham Hotels & Resorts, Inc. (NYSE:WH) declared a quarterly dividend on Thursday, August 15th, NASDAQ reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.38 per share on Friday, September 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, September 13th.

Wyndham Hotels & Resorts has increased its dividend payment by an average of 35.7% per year over the last three years. Wyndham Hotels & Resorts has a payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wyndham Hotels & Resorts to earn $4.71 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 32.3%.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $76.76 on Wednesday. The company has a market capitalization of $6.06 billion, a PE ratio of 27.22, a P/E/G ratio of 2.68 and a beta of 1.33. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day simple moving average of $75.20 and a two-hundred day simple moving average of $74.01. Wyndham Hotels & Resorts has a one year low of $65.63 and a one year high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. During the same period in the previous year, the company posted $0.93 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Research analysts expect that Wyndham Hotels & Resorts will post 4.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Susquehanna assumed coverage on Wyndham Hotels & Resorts in a research report on Friday, June 21st. They issued a “neutral” rating and a $80.00 target price on the stock. StockNews.com lowered Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Truist Financial lowered their price objective on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus lowered their price objective on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Barclays upped their price objective on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.43.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the sale, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at $315,006.90. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock valued at $974,351 in the last three months. 2.79% of the stock is currently owned by insiders.

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.