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

Key Points

• Xenia Hotels & Resorts, Inc. has announced a quarterly dividend of $0.14 per share, with a yield of 3.8%, to be distributed on October 15th to shareholders of record as of September 30th.
• The company's dividend payout ratio is at 254.5%, indicating that it cannot fully cover its dividend with earnings, but is expected to improve with an anticipated payout ratio of 35.2% next year.
• Xenia Hotels & Resorts reported a quarterly earnings of $0.57 per share, surpassing estimates, and achieved a revenue of $287.58 million, up 5.4% from the previous year.

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) declared a quarterly dividend on Monday, September 15th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.14 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th.

Xenia Hotels & Resorts has a 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. Analysts expect Xenia Hotels & Resorts to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 35.2%.

Xenia Hotels & Resorts Stock Down 1.3%

NYSE:XHR traded down $0.19 on Friday, reaching $14.64. The stock had a trading volume of 387,138 shares, compared to its average volume of 946,837. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average of $13.54 and a 200 day moving average of $12.40. The stock has a market cap of $1.40 billion, a P/E ratio of 23.25 and a beta of 1.72. Xenia Hotels & Resorts has a 12-month low of $8.55 and a 12-month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. The company had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, research analysts predict that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets increased their price objective on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $13.20.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.