Wyndham Hotels & Resorts Inc (NYSE:WH) Declares $0.29 Quarterly Dividend

Wyndham Hotels & Resorts Inc (NYSE:WH) announced a quarterly dividend on Wednesday, November 13th, Zacks reports. Investors of record on Friday, December 13th will be given a dividend of 0.29 per share on Monday, December 30th. This represents a $1.16 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, December 12th.

WH traded down $0.04 during trading hours on Tuesday, reaching $57.92. 18,182 shares of the stock traded hands, compared to its average volume of 657,733. The firm’s fifty day simple moving average is $55.41 and its two-hundred day simple moving average is $54.61. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.60 and a beta of 1.12. Wyndham Hotels & Resorts has a fifty-two week low of $43.03 and a fifty-two week high of $61.49. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.14 and a quick ratio of 1.14.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.10. The business had revenue of $560.00 million during the quarter, compared to analyst estimates of $576.90 million. Wyndham Hotels & Resorts had a net margin of 6.47% and a return on equity of 22.24%. The business’s revenue was down 7.3% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. On average, research analysts predict that Wyndham Hotels & Resorts will post 3.26 earnings per share for the current year.

In other Wyndham Hotels & Resorts news, Chairman Stephen P. Holmes sold 25,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $54.88, for a total transaction of $1,372,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Hunter Barber sold 3,091 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $57.62, for a total transaction of $178,103.42. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

WH has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. ValuEngine lowered shares of Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Stifel Nicolaus set a $65.00 price objective on shares of Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Friday, August 16th. 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 for the company. Finally, JPMorgan Chase & Co. decreased their price objective 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, September 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Wyndham Hotels & Resorts has an average rating of “Buy” and an average target price of $65.13.

About Wyndham Hotels & Resorts

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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Dividend History for Wyndham Hotels & Resorts (NYSE:WH)

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