Wyndham Hotels & Resorts Inc (NYSE:WH) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Investors of record on Friday, September 13th will be paid a dividend of 0.29 per share on Monday, September 30th. This represents a $1.16 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, September 12th.
Wyndham Hotels & Resorts has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wyndham Hotels & Resorts to earn $3.60 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 32.2%.
Wyndham Hotels & Resorts stock traded up $0.19 during mid-day trading on Tuesday, reaching $53.47. 302,373 shares of the company were exchanged, compared to its average volume of 897,043. The firm’s 50-day simple moving average is $53.28 and its two-hundred day simple moving average is $54.37. Wyndham Hotels & Resorts has a twelve month low of $43.03 and a twelve month high of $61.49. The firm has a market cap of $5.03 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.24 and a current ratio of 1.24.
In other news, CFO David B. Wyshner acquired 2,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $50.37 per share, for a total transaction of $100,740.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Geoffrey A. Ballotti acquired 10,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $50.26 per share, for a total transaction of $502,600.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 22,000 shares of company stock valued at $1,102,840. 1.90% of the stock is owned by insiders.
A number of analysts recently commented on WH shares. Robert W. Baird assumed coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, August 21st. They set an “outperform” rating and a $62.00 price objective on the stock. TheStreet raised shares of Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Monday, August 26th. JPMorgan Chase & Co. dropped their target price on shares of Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating for the company in a report on Friday. Zacks Investment Research downgraded shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Bank of America assumed coverage on Wyndham Hotels & Resorts in a research note on Wednesday, June 12th. They set a “buy” rating and a $62.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $65.38.
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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