Xenia Hotels & Resorts (NYSE:XHR) Posts Quarterly Earnings Results, Beats Expectations By $0.46 EPS

Key Points

• Xenia Hotels & Resorts beat quarterly earnings expectations, reporting $0.36 earnings per share versus the consensus estimate of a $0.10 loss. Revenue reached $263.83 million, exceeding expectations and increasing 11.6% year over year.
• The company declared a quarterly dividend of $0.14, equivalent to $0.56 annually and a 2.7% yield, although its reported payout ratio remains negative.
• Analyst sentiment is moderately positive, with two Buy and two Hold ratings and a consensus price target of $20.12. Shares opened at $20.98, near their 52-week high of $22.06.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.46, Zacks reports. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%. The company had revenue of $263.83 million for the quarter, compared to analysts' expectations of $256.91 million. During the same period in the previous year, the business posted $0.23 earnings per share. The business's quarterly revenue was up 11.6% compared to the same quarter last year.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $20.98 on Tuesday. Xenia Hotels & Resorts has a 1 year low of $12.05 and a 1 year high of $22.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.47 and a quick ratio of 2.47. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.78 and a beta of 1.18. The business has a 50-day moving average of $18.62 and a 200-day moving average of $17.59.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. Xenia Hotels & Resorts's dividend payout ratio is presently -800.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on XHR shares. Weiss Ratings upgraded shares of Xenia Hotels & Resorts from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, October 28th. Wells Fargo & Company boosted their target price on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, BMO Capital Markets cut shares of Xenia Hotels & Resorts from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $22.00 to $20.50 in a research report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.12.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia's properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company's portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.

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