Xenia Hotels & Resorts (NYSE:XHR) Releases FY24 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $1.61-$1.76 for the period, compared to the consensus earnings per share estimate of $1.66.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XHR shares. StockNews.com downgraded shares of Xenia Hotels & Resorts from a hold rating to a sell rating in a report on Thursday, April 11th. Wolfe Research started coverage on shares of Xenia Hotels & Resorts in a research note on Wednesday, January 10th. They set a peer perform rating for the company. B. Riley reaffirmed a neutral rating and issued a $17.00 target price (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. KeyCorp upped their target price on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an overweight rating in a report on Friday, April 5th. Finally, Jefferies Financial Group raised Xenia Hotels & Resorts from a hold rating to a buy rating and increased their price target for the company from $14.00 to $18.00 in a research report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $15.70.

Xenia Hotels & Resorts Stock Performance

XHR stock traded up $0.05 during trading hours on Thursday, reaching $13.99. The stock had a trading volume of 1,514,219 shares, compared to its average volume of 824,744. The stock has a 50-day simple moving average of $14.73 and a 200 day simple moving average of $13.47. Xenia Hotels & Resorts has a fifty-two week low of $10.90 and a fifty-two week high of $15.84. The stock has a market capitalization of $1.43 billion, a PE ratio of 82.12 and a beta of 1.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. The firm had revenue of $253.38 million during the quarter, compared to the consensus estimate of $253.00 million. Analysts predict that Xenia Hotels & Resorts will post 1.53 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 282.35%.

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.