Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Investors of record on Monday, June 15th will be given a dividend of 0.43 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, June 15th.
Wyndham Hotels & Resorts has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Wyndham Hotels & Resorts has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wyndham Hotels & Resorts to earn $5.50 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 31.3%.
Wyndham Hotels & Resorts Stock Up 2.4%
WH opened at $79.30 on Friday. The company has a 50-day moving average price of $82.53 and a 200 day moving average price of $79.23. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.88. The company has a market cap of $5.94 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.09 and a beta of 0.62. Wyndham Hotels & Resorts has a twelve month low of $69.21 and a twelve month high of $92.68.
Institutional Investors Weigh In On Wyndham Hotels & Resorts
Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Wyndham Hotels & Resorts by 73.5% during the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 133 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter worth about $27,000. Geneos Wealth Management Inc. increased its position in Wyndham Hotels & Resorts by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Wyndham Hotels & Resorts by 181.3% during the third quarter. Smartleaf Asset Management LLC now owns 495 shares of the company’s stock worth $40,000 after purchasing an additional 319 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Wyndham Hotels & Resorts by 42.6% during the third quarter. Jones Financial Companies Lllp now owns 636 shares of the company’s stock worth $52,000 after purchasing an additional 190 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.
The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.
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