Wyndham Hotels & Resorts, Inc. (NYSE:WH) Plans Quarterly Dividend of $0.41

Wyndham Hotels & Resorts, Inc. (NYSE:WH) announced a quarterly dividend on Tuesday, March 4th, RTT News reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.41 per share on Monday, March 31st. This represents a $1.64 annualized dividend and a dividend yield of 1.56%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38.

Wyndham Hotels & Resorts has increased its dividend by an average of 20.0% per year over the last three years. Wyndham Hotels & Resorts has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. 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

WH traded up $0.58 on Wednesday, hitting $104.95. The company’s stock had a trading volume of 31,175 shares, compared to its average volume of 769,028. The company’s 50 day simple moving average is $104.80 and its 200-day simple moving average is $93.41. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $113.07. The firm has a market cap of $8.16 billion, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping 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%. Analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Analysts Set New Price Targets

WH has been the subject of a number of analyst reports. Oppenheimer raised their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Susquehanna lifted their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Stifel Nicolaus upped their target price on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Truist Financial raised their price target on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.45.

About Wyndham Hotels & Resorts

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.