Xenia Hotels & Resorts (NYSE:XHR) Issues Quarterly Earnings Results

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) announced its quarterly earnings results on Friday. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09, Zacks reports. The firm had revenue of $288.93 million during the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. Xenia Hotels & Resorts's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS. Xenia Hotels & Resorts updated its FY 2025 guidance to 1.500-1.750 EPS.

Xenia Hotels & Resorts Price Performance

XHR traded up $0.12 on Monday, reaching $11.56. 1,517,358 shares of the company's stock were exchanged, compared to its average volume of 800,952. The stock has a market cap of $1.17 billion, a PE ratio of 50.24 and a beta of 1.60. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. Xenia Hotels & Resorts has a twelve month low of $8.55 and a twelve month high of $16.50. The stock's fifty day moving average price is $11.43 and its 200-day moving average price is $13.72.

Xenia Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.14 dividend. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 254.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XHR. KeyCorp reduced their target price on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Wells Fargo & Company decreased their price objective on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their target price for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. Morgan Stanley reduced their price target on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Finally, StockNews.com upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.50.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of 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.