Xenia Hotels & Resorts (NYSE:XHR) Issues FY 2024 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.620-1.740 for the period, compared to the consensus EPS estimate of 1.690. The company issued revenue guidance of -.

Analyst Ratings Changes

Separately, StockNews.com upgraded Xenia Hotels & Resorts from a sell rating to a hold rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of Hold and an average target price of $15.70.

Xenia Hotels & Resorts Price Performance

Shares of XHR traded down $0.36 during trading hours on Friday, hitting $13.28. 1,598,910 shares of the company were exchanged, compared to its average volume of 811,819. The company has a market capitalization of $1.35 billion, a PE ratio of 69.90 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a fifty day simple moving average of $14.19 and a 200-day simple moving average of $14.26. Xenia Hotels & Resorts has a one year low of $10.90 and a one year high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). The business had revenue of $267.49 million during the quarter, compared to analyst estimates of $258.80 million. Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. As a group, sell-side analysts predict that Xenia Hotels & Resorts will post 1.68 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.12 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.61%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 252.64%.

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.