Xenia Hotels & Resorts, Inc. (NYSE:XHR) to Issue $0.14 Quarterly Dividend

Key Points

• Xenia Hotels & Resorts declared a quarterly dividend of $0.14 per share, payable October 15 to shareholders of record on September 30. The dividend implies a 3.1% yield, with September 30 also serving as the ex-dividend date.
• The dividend payout ratio is 254.5%, indicating that current earnings do not cover the distribution and the company is relying on its balance sheet to fund payments.
• Xenia’s latest earnings beat estimates, reporting $0.61 EPS versus the $0.24 consensus, while analysts maintain a “Moderate Buy” consensus and an average price target of $20.12.

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) announced a quarterly dividend on Monday, September 21st. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.14 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, September 30th.

Xenia Hotels & Resorts has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Xenia Hotels & Resorts has a dividend payout ratio of 254.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $17.81 on Tuesday. The company has a 50-day moving average of $19.39 and a 200-day moving average of $17.86. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -254.39 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.17. Xenia Hotels & Resorts has a twelve month low of $11.75 and a twelve month high of $22.06.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.24 by $0.37. The business had revenue of $295.49 million during the quarter, compared to analyst estimates of $302.39 million. Xenia Hotels & Resorts had a negative net margin of 0.66% and a negative return on equity of 0.61%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. Analysts forecast that Xenia Hotels & Resorts will post 1.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XHR shares. Wells Fargo & Company boosted their target price on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. BMO Capital Markets cut Xenia Hotels & Resorts from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $22.00 to $20.50 in a research note on Tuesday, September 1st. Weiss Ratings downgraded Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a report on Thursday, August 13th. Finally, KeyCorp raised their target price on shares of Xenia Hotels & Resorts from $16.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus target price of $20.12.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc NYSE: XHR is a self-advised real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on properties located in major lodging markets and high-demand destination areas.

Xenia's properties operate under a variety of leading hospitality brands, including Marriott, Hyatt, Hilton and Kimpton, as well as independent and lifestyle hotel brands. Its business activities include owning hotel real estate and working with hotel operators to provide lodging, food and beverage, meeting, event and other hospitality services.

The company was established in 2014 through a separation from Inland American Real Estate Trust and has been publicly traded on the New York Stock Exchange since that time.

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