Xenia Hotels & Resorts (XHR) to Release Quarterly Earnings on Wednesday

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect Xenia Hotels & Resorts to post earnings of $0.26 per share for the quarter. Xenia Hotels & Resorts has set its FY 2024 guidance at 1.620-1.740 EPS.Investors that wish to listen to the company's conference call can do so using this link.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). The company 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 company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, analysts expect Xenia Hotels & Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Xenia Hotels & Resorts Trading Up 0.3 %

NYSE:XHR traded up $0.04 during trading hours on Wednesday, hitting $14.65. The company had a trading volume of 243,058 shares, compared to its average volume of 801,750. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts has a 1 year low of $10.92 and a 1 year high of $15.84. The company has a 50-day moving average of $14.38 and a 200 day moving average of $14.21. The company has a market cap of $1.49 billion, a P/E ratio of 76.89 and a beta of 1.51.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.12 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 3.28%. Xenia Hotels & Resorts's payout ratio is 252.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XHR shares. B. Riley dropped their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $16.00 to $15.00 in a report on Friday, September 13th. One research 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. Based on data from MarketBeat, Xenia Hotels & Resorts has an average rating of "Hold" and a consensus target price of $15.30.

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.