Xenia Hotels & Resorts, Inc. (NYSE:XHR) to Issue Quarterly Dividend of $0.12

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, October 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, September 30th.

Xenia Hotels & Resorts has a payout ratio of 192.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Xenia Hotels & Resorts to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 29.6%.

Xenia Hotels & Resorts Trading Down 0.6 %

Shares of XHR opened at $14.01 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.26 and a current ratio of 2.26. Xenia Hotels & Resorts has a 52-week low of $10.92 and a 52-week high of $15.84. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 74.21 and a beta of 1.51. The business’s fifty day moving average is $13.70 and its 200-day moving average is $14.26.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.30). The business had revenue of $272.90 million for the quarter, compared to analyst estimates of $275.66 million. Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. Equities analysts anticipate that Xenia Hotels & Resorts will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on XHR shares. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $16.00 to $15.00 in a report on Friday, September 13th. B. Riley dropped their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $15.30.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.