B. Riley Research Analysts Reduce Earnings Estimates for XHR

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) - B. Riley decreased their Q4 2024 earnings per share (EPS) estimates for shares of Xenia Hotels & Resorts in a report released on Wednesday, November 13th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $0.38 for the quarter, down from their previous forecast of $0.41. B. Riley has a "Neutral" rating and a $15.50 price objective on the stock. The consensus estimate for Xenia Hotels & Resorts' current full-year earnings is $1.46 per share.

XHR has been the topic of several other research reports. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $16.00 to $15.00 in a report on Friday, September 13th. StockNews.com lowered Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of "Hold" and an average target price of $16.38.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock remained flat at $14.77 during trading hours on Monday. 677,027 shares of the stock were exchanged, compared to its average volume of 800,453. The stock has a 50 day simple moving average of $14.66 and a two-hundred day simple moving average of $14.26. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 64.39 and a beta of 1.51. Xenia Hotels & Resorts has a one year low of $12.05 and a one year high of $15.84. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Xenia Hotels & Resorts in the second quarter worth approximately $25,000. Loomis Sayles & Co. L P raised its position in Xenia Hotels & Resorts by 3,146.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,982 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Xenia Hotels & Resorts by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 1,023 shares during the period. EntryPoint Capital LLC bought a new position in shares of Xenia Hotels & Resorts during the first quarter valued at about $135,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust's stock worth $144,000 after buying an additional 9,394 shares during the period. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. Xenia Hotels & Resorts's dividend payout ratio is presently 208.70%.

About Xenia Hotels & Resorts

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.