Wyndham Hotels & Resorts, Inc. (WH) To Go Ex-Dividend on December 13th

Wyndham Hotels & Resorts, Inc. (NYSE:WH) announced a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors 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 1.50%. 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 32.1% 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 Price Performance

Shares of WH stock opened at $101.44 on Wednesday. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $103.17. The stock has a market capitalization of $7.89 billion, a PE ratio of 32.20, a PEG ratio of 2.58 and a beta of 1.32. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s fifty day moving average is $90.69 and its 200-day moving average is $80.39.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. Equities research analysts expect that Wyndham Hotels & Resorts will post 4.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Michele Allen sold 15,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the transaction, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This trade represents a 59.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction 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 represents a 9.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,850 shares of company stock worth $8,881,849. Company insiders own 2.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WH. Oppenheimer raised their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Truist Financial lifted their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.75.

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.