Xenia Hotels & Resorts, Inc. (NYSE:XHR) Declares Quarterly Dividend of $0.14

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 dividend on an annualized basis and a yield of 4.17%. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12.

Xenia Hotels & Resorts has a dividend 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. Equities 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 Up 2.9 %

Shares of NYSE:XHR traded up $0.38 during midday trading on Wednesday, reaching $13.44. The company’s stock had a trading volume of 108,569 shares, compared to its average volume of 638,517. Xenia Hotels & Resorts has a 12-month low of $12.34 and a 12-month high of $16.50. The firm has a market capitalization of $1.37 billion, a P/E ratio of 58.67 and a beta of 1.50. The firm has a 50 day moving average of $14.77 and a 200-day moving average of $14.69. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

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

Analyst Ratings Changes

A number of research firms have commented on XHR. Jefferies Financial Group lifted their target price 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 decreased their target price on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, Xenia Hotels & Resorts has a consensus rating of “Hold” and an average 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.