Wyndham Hotels & Resorts, Inc. (WH) to Issue Quarterly Dividend of $0.41 on June 30th

Wyndham Hotels & Resorts, Inc. (NYSE:WH) declared a quarterly dividend on Thursday, May 15th, RTT News reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.41 per share on Monday, June 30th. This represents a $1.64 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 13th.

Wyndham Hotels & Resorts has a payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 $1.64 annual dividend with an expected future payout ratio of 29.9%.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $83.74 on Wednesday. The firm has a market cap of $6.45 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. 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 stock’s fifty day moving average price is $84.09 and its two-hundred day moving average price is $95.08. Wyndham Hotels & Resorts has a one year low of $70.08 and a one year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $316.00 million during the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Wyndham Hotels & Resorts’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, research analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Monday, March 24th. Stifel Nicolaus cut their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating for the company in a research note on Thursday, May 1st. Robert W. Baird reduced their target price on Wyndham Hotels & Resorts from $107.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, May 6th. Finally, Barclays decreased their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $108.48.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,650 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $86.56, for a total transaction of $2,306,824.00. Following the sale, the chief executive officer now directly owns 461,376 shares of the company’s stock, valued at $39,936,706.56. The trade was a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several large investors have recently modified their holdings of WH. Geneos Wealth Management Inc. grew its stake in shares of Wyndham Hotels & Resorts by 49.2% in the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Wyndham Hotels & Resorts by 34.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,622 shares of the company’s stock worth $418,000 after buying an additional 1,181 shares during the period. Royal Bank of Canada lifted its holdings in Wyndham Hotels & Resorts by 31.8% during the 1st quarter. Royal Bank of Canada now owns 60,411 shares of the company’s stock worth $5,467,000 after buying an additional 14,593 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Wyndham Hotels & Resorts by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 248,495 shares of the company’s stock valued at $22,491,000 after buying an additional 18,191 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

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 Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.