Wyndham Hotels & Resorts Inc (NYSE:WH) declared a quarterly dividend on Thursday, August 9th, Zacks reports. Stockholders of record on Friday, September 14th will be paid a dividend of 0.25 per share on Friday, September 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, September 13th.

Wyndham Hotels & Resorts has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wyndham Hotels & Resorts to earn $3.34 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 29.9%.

Shares of NYSE WH traded up $0.88 during mid-day trading on Friday, hitting $55.27. The company had a trading volume of 1,030,977 shares, compared to its average volume of 593,144. Wyndham Hotels & Resorts has a 1 year low of $53.43 and a 1 year high of $66.95. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.48.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.05). The firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $514.63 million. Wyndham Hotels & Resorts’s revenue was up 31.4% compared to the same quarter last year. sell-side analysts forecast that Wyndham Hotels & Resorts will post 2.94 earnings per share for the current fiscal year.

WH has been the subject of several recent analyst reports. Goldman Sachs Group upgraded Wyndham Hotels & Resorts from a “buy” rating to a “conviction-buy” rating in a research report on Monday, June 25th. SunTrust Banks initiated coverage on Wyndham Hotels & Resorts in a research report on Thursday, June 14th. They set a “buy” rating and a $71.00 target price for the company. Wolfe Research cut Wyndham Hotels & Resorts from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 10th. Longbow Research initiated coverage on Wyndham Hotels & Resorts in a research report on Friday. They set a “buy” rating and a $77.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on Wyndham Hotels & Resorts in a research report on Monday, June 4th. They set a “buy” rating and a $68.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $73.29.

In other news, insider Geoffrey A. Ballotti purchased 10,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was purchased at an average price of $61.48 per share, with a total value of $614,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David B. Wyshner purchased 3,669 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were purchased at an average cost of $54.52 per share, with a total value of $200,033.88. The disclosure for this purchase can be found here.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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