Xenia Hotels & Resorts, Inc. (NYSE:XHR) to Issue Dividend Increase - $0.14 Per Share

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.14 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.56 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Monday, March 31st. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12.

Xenia Hotels & Resorts has a payout ratio of 141.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Xenia Hotels & Resorts to earn $1.59 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 30.2%.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock traded up $0.14 during mid-day trading on Friday, reaching $13.43. The company had a trading volume of 1,143,657 shares, compared to its average volume of 682,596. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 58.37 and a beta of 1.50. The company has a 50 day moving average of $14.70 and a 200-day moving average of $14.67. Xenia Hotels & Resorts has a 52 week low of $12.34 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. Xenia Hotels & Resorts's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, sell-side analysts expect that Xenia Hotels & Resorts will post 1.46 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

XHR has been the topic of several research reports. Jefferies Financial Group upped their price objective on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Wells Fargo & Company cut their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $17.38.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.