Xenia Hotels & Resorts Inc Plans Quarterly Dividend of $0.28 (XHR)

Xenia Hotels & Resorts Inc (NYSE:XHR) declared a quarterly dividend on Friday, December 8th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.275 per share by the real estate investment trust on Friday, January 12th. This represents a $1.10 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Thursday, December 28th.

Xenia Hotels & Resorts has a dividend payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xenia Hotels & Resorts to earn $2.01 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 54.7%.

Xenia Hotels & Resorts (XHR) traded up $0.01 on Friday, reaching $22.11. The company had a trading volume of 358,396 shares, compared to its average volume of 541,241. Xenia Hotels & Resorts has a 1 year low of $16.21 and a 1 year high of $22.76. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2,358.73, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.38. The company had revenue of $223.28 million for the quarter, compared to analyst estimates of $219.67 million. Xenia Hotels & Resorts had a return on equity of 8.34% and a net margin of 15.23%. Xenia Hotels & Resorts’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. research analysts anticipate that Xenia Hotels & Resorts will post 1.92 earnings per share for the current year.

A number of equities research analysts have issued reports on XHR shares. Zacks Investment Research lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Wells Fargo & Co increased their price target on Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Instinet reaffirmed a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a research report on Tuesday, August 29th. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, October 11th. Finally, FBR & Co started coverage on Xenia Hotels & Resorts in a research report on Friday, October 27th. They issued a “neutral” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.83.

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About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

Dividend History for Xenia Hotels & Resorts (NYSE:XHR)

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