Xenia Hotels & Resorts, Inc. (XHR) To Go Ex-Dividend on June 28th

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Thursday, May 16th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, July 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, June 28th.

Xenia Hotels & Resorts has a payout ratio of 145.5% 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 $1.69 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 28.4%.

Xenia Hotels & Resorts Trading Down 1.7 %

Shares of NYSE XHR opened at $14.10 on Wednesday. Xenia Hotels & Resorts has a twelve month low of $10.90 and a twelve month high of $15.84. The firm has a market cap of $1.44 billion, a PE ratio of 74.19 and a beta of 1.49. The business has a fifty day simple moving average of $14.38 and a two-hundred day simple moving average of $14.12. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.28). The business had revenue of $267.49 million during the quarter, compared to analysts’ expectations of $258.80 million. Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. Analysts expect that Xenia Hotels & Resorts will post 1.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on XHR shares. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. B. Riley reiterated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. KeyCorp boosted their target price on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and raised their price target for the stock from $14.00 to $18.00 in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts has an average rating of “Hold” and an average target price of $15.70.

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.