Xenia Hotels & Resorts, Inc. (NYSE:XHR) to Issue Quarterly Dividend of $0.12

Xenia Hotels & Resorts, Inc. (NYSE:XHR) declared a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, October 15th. This represents a $0.48 annualized dividend and a yield of 3.41%. The ex-dividend date is Monday, September 30th.

Xenia Hotels & Resorts has a payout ratio of 192.0% 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 $1.62 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 29.6%.

Xenia Hotels & Resorts Stock Performance

NYSE XHR traded down $0.04 during trading on Wednesday, hitting $14.06. The company’s stock had a trading volume of 19,102 shares, compared to its average volume of 811,207. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $13.70 and a 200 day moving average price of $14.26. The firm has a market cap of $1.43 billion, a P/E ratio of 73.74 and a beta of 1.51. Xenia Hotels & Resorts has a 52 week low of $10.92 and a 52 week high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The firm had revenue of $272.90 million for the quarter, compared to the consensus estimate of $275.66 million. Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Equities research analysts forecast that Xenia Hotels & Resorts will post 1.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XHR shares. B. Riley lowered their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $16.00 to $15.00 in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.30.

About Xenia Hotels & Resorts

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.