Wyndham Hotels & Resorts, Inc. (WH) To Go Ex-Dividend on June 14th

Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) declared a quarterly dividend on Wednesday, May 11th, Zacks reports. Stockholders of record on Wednesday, June 15th will be paid a dividend of 0.32 per share on Wednesday, June 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, June 14th.

Wyndham Hotels & Resorts has increased its dividend by an average of 5.5% annually over the last three years and has increased its dividend every year for the last 1 years. Wyndham Hotels & Resorts has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wyndham Hotels & Resorts to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.2%.

Shares of WH opened at $74.64 on Friday. The company has a 50-day simple moving average of $84.47 and a 200-day simple moving average of $84.76. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $6.87 billion, a PE ratio of 21.45 and a beta of 1.48. Wyndham Hotels & Resorts has a 52-week low of $65.24 and a 52-week high of $93.86.

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.28. Wyndham Hotels & Resorts had a net margin of 19.91% and a return on equity of 31.60%. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, research analysts anticipate that Wyndham Hotels & Resorts will post 3.57 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Wyndham Hotels & Resorts by 1.5% in the fourth quarter. BlackRock Inc. now owns 7,832,589 shares of the company’s stock worth $702,190,000 after acquiring an additional 113,404 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Wyndham Hotels & Resorts by 1.6% in the fourth quarter. Parametric Portfolio Associates LLC now owns 290,292 shares of the company’s stock worth $26,025,000 after acquiring an additional 4,574 shares during the last quarter. Morgan Stanley boosted its position in shares of Wyndham Hotels & Resorts by 9.2% in the second quarter. Morgan Stanley now owns 215,433 shares of the company’s stock worth $15,574,000 after acquiring an additional 18,209 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Wyndham Hotels & Resorts by 3.4% in the fourth quarter. Legal & General Group Plc now owns 139,795 shares of the company’s stock worth $12,533,000 after acquiring an additional 4,590 shares during the last quarter. Finally, Amalgamated Bank boosted its position in shares of Wyndham Hotels & Resorts by 0.9% in the fourth quarter. Amalgamated Bank now owns 68,314 shares of the company’s stock worth $6,124,000 after acquiring an additional 611 shares during the last quarter. 92.63% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on WH shares. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday, February 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $92.75.

Wyndham Hotels & Resorts Company Profile (Get Rating)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.

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