Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) announced a quarterly dividend on Tuesday, March 10th. Investors of record on Friday, March 20th will be paid a dividend of 0.43 per share on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. This is a 4.9% increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.41.
Wyndham Hotels & Resorts has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. 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
NYSE:WH traded up $0.50 during trading hours on Wednesday, hitting $74.43. 800,004 shares of the company’s stock traded hands, compared to its average volume of 1,438,015. Wyndham Hotels & Resorts has a 52 week low of $69.21 and a 52 week high of $93.58. The business’s fifty day simple moving average is $78.50 and its two-hundred day simple moving average is $78.28. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 5.37. The firm has a market cap of $5.59 billion, a P/E ratio of 30.12, a P/E/G ratio of 1.97 and a beta of 0.72.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on WH shares. Mizuho upped their price objective on shares of Wyndham Hotels & Resorts from $97.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Wall Street Zen cut shares of Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Wells Fargo & Company began coverage on shares of Wyndham Hotels & Resorts in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $82.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Wyndham Hotels & Resorts from $89.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Zacks Research upgraded shares of Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.15.
Read Our Latest Research Report on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.
The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.
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