Xenia Hotels & Resorts (NYSE:XHR) Announces Earnings Results, Beats Estimates By $0.09 EPS

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

Xenia Hotels & Resorts Trading Up 1.9 %

NYSE:XHR traded up $0.22 on Thursday, reaching $11.51. 420,448 shares of the company's stock were exchanged, compared to its average volume of 799,075. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 50.05 and a beta of 1.60. Xenia Hotels & Resorts has a 52-week low of $8.55 and a 52-week high of $16.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $11.35 and a 200-day moving average of $13.69.

Xenia Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given 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 yield of 4.87%. The ex-dividend date of this dividend was Monday, March 31st. Xenia Hotels & Resorts's payout ratio is currently 254.55%.

Wall Street Analyst Weigh In

XHR has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. StockNews.com raised Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Wells Fargo & Company reduced 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. Finally, KeyCorp lowered their target price on shares of 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.50.

Xenia Hotels & Resorts Company Profile

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.