Xenia Hotels & Resorts, Inc. (XHR) to Issue Quarterly Dividend of $0.14 on April 15th

Xenia Hotels & Resorts, Inc. (NYSE:XHR) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.14 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.56 annualized dividend and a yield of 4.22%. 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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

XHR opened at $13.26 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The company’s fifty day moving average price is $14.77 and its two-hundred day moving average price is $14.69. Xenia Hotels & Resorts has a 1-year low of $12.34 and a 1-year high of $16.50. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 57.65 and a beta of 1.50.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, analysts expect that Xenia Hotels & Resorts will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

XHR has been the subject of several analyst reports. Jefferies Financial Group increased their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.