Wyndham Hotels & Resorts, Inc. (NYSE:WH) to Issue Dividend Increase – $0.41 Per Share

Wyndham Hotels & Resorts, Inc. (NYSE:WH) announced a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders 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 yield of 1.57%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38.

Wyndham Hotels & Resorts has raised its dividend payment by an average of 20.0% per year over the last three years. Wyndham Hotels & Resorts has a payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 Down 1.7 %

Shares of WH stock traded down $1.78 on Tuesday, reaching $104.43. 1,017,173 shares of the company were exchanged, compared to its average volume of 772,187. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $113.07. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.87 and a beta of 1.29. The company has a 50-day moving average of $104.80 and a 200-day moving average of $93.41. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating 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 anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley lifted their price target on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday. Susquehanna increased their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. raised their target price on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus upped their price target on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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 following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.