Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) declared a quarterly dividend on Tuesday, March 10th. Shareholders of record on Friday, March 20th will be given a dividend of 0.43 per share on Monday, March 30th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. This is a 4.9% increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.41.
Wyndham Hotels & Resorts has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Wyndham Hotels & Resorts has a payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. 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 $1.64 annual dividend with an expected future payout ratio of 29.9%.
Wyndham Hotels & Resorts Trading Up 1.5%
WH stock traded up $1.11 during mid-day trading on Wednesday, reaching $75.04. 907,302 shares of the stock traded hands, compared to its average volume of 1,439,456. The company has a debt-to-equity ratio of 5.37, a quick ratio of 0.86 and a current ratio of 0.86. Wyndham Hotels & Resorts has a one year low of $69.21 and a one year high of $93.58. The stock has a market capitalization of $5.64 billion, a PE ratio of 30.46, a PEG ratio of 1.97 and a beta of 0.72. The business has a 50-day moving average price of $78.50 and a two-hundred day moving average price of $78.28.
Insider Buying and Selling
In related news, insider Scott R. Strickland sold 6,500 shares of Wyndham Hotels & Resorts stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $80.36, for a total value of $522,340.00. Following the completion of the sale, the insider directly owned 43,639 shares in the company, valued at $3,506,830.04. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Geoffrey A. Ballotti sold 55,124 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the completion of the sale, the chief executive officer directly owned 490,028 shares of the company’s stock, valued at approximately $38,844,519.56. This trade represents a 10.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 81,424 shares of company stock valued at $6,398,601 over the last quarter. 2.46% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in WH. Alps Advisors Inc. raised its stake in Wyndham Hotels & Resorts by 125.6% in the third quarter. Alps Advisors Inc. now owns 155,870 shares of the company’s stock worth $12,454,000 after buying an additional 86,790 shares in the last quarter. Compass Wealth Management LLC bought a new stake in Wyndham Hotels & Resorts during the 3rd quarter valued at $18,137,000. Savoir Faire Capital Management L.P. increased its holdings in shares of Wyndham Hotels & Resorts by 89.9% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 69,885 shares of the company’s stock valued at $5,584,000 after acquiring an additional 33,081 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Wyndham Hotels & Resorts by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,585,935 shares of the company’s stock valued at $126,716,000 after acquiring an additional 46,459 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Wyndham Hotels & Resorts by 9.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,657,402 shares of the company’s stock worth $132,427,000 after acquiring an additional 140,978 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Wyndham Hotels & Resorts
- The gold chart Wall Street is terrified of…
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
