Wyndham Hotels & Resorts, Inc. (NYSE:WH) Increases Dividend to $0.41 Per Share

Wyndham Hotels & Resorts, Inc. (NYSE:WH) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.41 per share on Monday, March 31st. This represents a $1.64 annualized dividend and a yield of 1.57%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38.

Wyndham Hotels & Resorts has increased its dividend payment by an average of 20.0% per year over the last three years. Wyndham Hotels & Resorts has a payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wyndham Hotels & Resorts to earn $5.48 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 27.7%.

Wyndham Hotels & Resorts Stock Performance

Shares of WH traded down $1.78 during mid-day trading on Tuesday, hitting $104.43. The stock had a trading volume of 1,017,173 shares, compared to its average volume of 772,187. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $113.07. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $104.80 and a 200-day moving average price of $93.41. The firm has a market cap of $8.12 billion, a P/E ratio of 28.77, a PEG ratio of 1.87 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, equities research analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Barclays boosted their target price on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial increased their target price on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Wells Fargo & Company lifted their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Morgan Stanley boosted their price objective on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $116.45.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.