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

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) declared a quarterly dividend on Monday, November 18th,RTT News reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.24%.

Xenia Hotels & Resorts has a dividend payout ratio of 154.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Xenia Hotels & Resorts to earn $1.58 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 30.4%.

Xenia Hotels & Resorts Trading Up 0.3 %

Shares of NYSE:XHR traded up $0.04 during mid-day trading on Monday, hitting $14.81. The company had a trading volume of 451,910 shares, compared to its average volume of 799,257. 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 company has a market capitalization of $1.51 billion, a PE ratio of 64.39 and a beta of 1.51. The firm has a fifty day moving average price of $14.66 and a 200 day moving average price of $14.26. Xenia Hotels & Resorts has a one year low of $12.05 and a one year high of $15.84.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XHR shares. Wells Fargo & Company raised Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $16.00 to $15.00 in a research report on Friday, September 13th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Monday, November 11th. Finally, B. Riley reduced their price objective on shares of 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, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.38.

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.