B. Riley Forecasts Lower Earnings for Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) - Equities research analysts at B. Riley dropped their FY2024 earnings per share (EPS) estimates for Xenia Hotels & Resorts in a research note issued on Wednesday, November 13th. B. Riley analyst B. Maher now expects that the real estate investment trust will earn $1.47 per share for the year, down from their previous estimate of $1.55. B. Riley currently has a "Neutral" rating and a $15.50 target price on the stock. The consensus estimate for Xenia Hotels & Resorts' current full-year earnings is $1.46 per share. B. Riley also issued estimates for Xenia Hotels & Resorts' Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.49 EPS.

XHR has been the subject of a number of other research reports. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $16.00 to $15.00 in a report on Friday, September 13th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $16.38.

Xenia Hotels & Resorts Trading Down 1.5 %

Shares of NYSE:XHR traded down $0.23 on Friday, hitting $14.77. 996,409 shares of the company's stock were exchanged, compared to its average volume of 801,009. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 64.70 and a beta of 1.51. Xenia Hotels & Resorts has a 12 month low of $12.05 and a 12 month high of $15.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The business's 50 day simple moving average is $14.59 and its two-hundred day simple moving average is $14.25.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.25%. Xenia Hotels & Resorts's dividend payout ratio is presently 208.70%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Xenia Hotels & Resorts by 370.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust's stock worth $10,619,000 after buying an additional 566,144 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Xenia Hotels & Resorts by 5.0% in the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust's stock worth $143,354,000 after purchasing an additional 465,141 shares during the last quarter. Federated Hermes Inc. raised its position in Xenia Hotels & Resorts by 179,814.4% during the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust's stock worth $5,027,000 after buying an additional 350,638 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Xenia Hotels & Resorts during the 3rd quarter valued at approximately $4,504,000. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 1,602.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust's stock valued at $4,422,000 after acquiring an additional 290,469 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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.