Xenia Hotels & Resorts (NYSE:XHR) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Key Points

• Xenia Hotels & Resorts reported $0.57 earnings per share, exceeding analysts' expectations of $0.43 by $0.14, while quarterly revenue rose 5.4% year-over-year to $287.58 million.
• The company announced a quarterly dividend of $0.14 per share, representing a dividend yield of 4.5%, despite a high dividend payout ratio of 254.55%.
• Xenia's stock has been downgraded from a "buy" to a "hold" rating by multiple analysts, with the current consensus rating being "Hold" and an average price target of $12.90.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) posted its quarterly earnings results on Friday. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.14, Zacks reports. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The business had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. During the same quarter last year, the company posted $0.52 earnings per share. The business's quarterly revenue was up 5.4% on a year-over-year basis. Xenia Hotels & Resorts updated its FY 2025 guidance to 1.660-1.800 EPS.

Xenia Hotels & Resorts Stock Performance

Shares of XHR traded down $0.01 during mid-day trading on Wednesday, hitting $12.74. 1,187,753 shares of the company's stock were exchanged, compared to its average volume of 958,153. Xenia Hotels & Resorts has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The firm has a market capitalization of $1.22 billion, a P/E ratio of 20.23 and a beta of 1.72. The company has a current ratio of 2.96, a quick ratio of 1.95 and a debt-to-equity ratio of 1.13. The business's 50 day moving average is $12.65 and its two-hundred day moving average is $12.52.

Xenia Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 4.4%. Xenia Hotels & Resorts's payout ratio is 88.89%.

Xenia Hotels & Resorts announced that its Board of Directors has approved a share repurchase plan on Wednesday, May 14th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley dropped their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.90.

Institutional Trading of Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in XHR. Jane Street Group LLC grew its holdings in shares of Xenia Hotels & Resorts by 85.0% in the 1st quarter. Jane Street Group LLC now owns 93,661 shares of the real estate investment trust's stock worth $1,101,000 after acquiring an additional 43,026 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Xenia Hotels & Resorts by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,617 shares of the real estate investment trust's stock valued at $713,000 after purchasing an additional 2,633 shares during the period. AQR Capital Management LLC raised its holdings in shares of Xenia Hotels & Resorts by 75.0% in the 1st quarter. AQR Capital Management LLC now owns 39,894 shares of the real estate investment trust's stock worth $469,000 after purchasing an additional 17,097 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Xenia Hotels & Resorts by 18.9% in the 1st quarter. Royal Bank of Canada now owns 31,100 shares of the real estate investment trust's stock valued at $366,000 after acquiring an additional 4,950 shares during the period. Hedge funds and other institutional investors own 92.43% of the company's stock.

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.