Xenia Hotels & Resorts (NYSE:XHR) Releases FY 2024 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.610-1.760 for the period, compared to the consensus earnings per share estimate of 1.640. The company issued revenue guidance of -.

Xenia Hotels & Resorts Stock Up 7.0 %

Shares of Xenia Hotels & Resorts stock traded up $0.98 during midday trading on Friday, hitting $14.97. The company's stock had a trading volume of 1,708,038 shares, compared to its average volume of 835,475. The firm has a market capitalization of $1.53 billion, a P/E ratio of 89.59 and a beta of 1.46. The stock has a 50-day simple moving average of $14.74 and a 200-day simple moving average of $13.48. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts has a 1-year low of $10.90 and a 1-year high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.28). The firm had revenue of $253.38 million for the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. As a group, sell-side analysts expect that Xenia Hotels & Resorts will post 1.53 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 3.21%. The ex-dividend date was Wednesday, March 27th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is 282.35%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wolfe Research started coverage on Xenia Hotels & Resorts in a research note on Wednesday, January 10th. They issued a peer perform rating on the stock. KeyCorp increased their price target on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an overweight rating in a report on Friday, April 5th. StockNews.com lowered shares of Xenia Hotels & Resorts from a hold rating to a sell rating in a research report on Thursday, April 11th. Wells Fargo & Company lifted their price target on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an equal weight rating in a report on Thursday, March 21st. Finally, B. Riley reaffirmed a neutral rating and issued a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $15.70.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.