Xenia Hotels & Resorts (NYSE:XHR) Posts 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) released its earnings results on Friday. The real estate investment trust reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.14, Zacks reports. The company had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. Xenia Hotels & Resorts had a return on equity of 1.80% and a net margin of 2.19%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. Xenia Hotels & Resorts updated its FY 2025 guidance to 1.660-1.800 EPS.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE XHR opened at $12.47 on Friday. The stock has a 50 day moving average price of $12.62 and a 200 day moving average price of $12.56. Xenia Hotels & Resorts has a 52 week low of $8.55 and a 52 week high of $16.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $1.23 billion, a PE ratio of 56.68 and a beta of 1.72.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.5%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 254.55%.

Wall Street Analyst Weigh In

XHR has been the subject of a number of recent research reports. Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company upped their price objective on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Morgan Stanley dropped their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.90.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its position in Xenia Hotels & Resorts by 85.0% during the first quarter. Jane Street Group LLC now owns 93,661 shares of the real estate investment trust's stock valued at $1,101,000 after purchasing an additional 43,026 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Xenia Hotels & Resorts by 4.5% during 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 last quarter. AQR Capital Management LLC boosted its position in Xenia Hotels & Resorts by 75.0% during the first quarter. AQR Capital Management LLC now owns 39,894 shares of the real estate investment trust's stock valued at $469,000 after purchasing an additional 17,097 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Xenia Hotels & Resorts by 18.9% during the first quarter. Royal Bank of Canada now owns 31,100 shares of the real estate investment trust's stock valued at $366,000 after purchasing an additional 4,950 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

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

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.

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