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.
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.
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About Xenia Hotels & Resorts
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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.
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