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

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) announced 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%.

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. Equities 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 Up 0.2%

Xenia Hotels & Resorts stock opened at $14.72 on Monday. Xenia Hotels & Resorts has a twelve month low of $8.55 and a twelve month high of $16.50. The stock has a 50 day moving average of $13.41 and a two-hundred day moving average of $12.35. 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 stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 23.36 and a beta of 1.72.

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

Xenia Hotels & Resorts Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.