Q4 EPS Estimate for Xenia Hotels & Resorts Cut by Analyst

Xenia Hotels & Resorts, Inc. (NYSE:XHR) – B. Riley reduced their Q4 2024 earnings per share estimates for Xenia Hotels & Resorts in a note issued to investors on Wednesday, November 13th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $0.38 for the quarter, down from their prior estimate of $0.41. B. Riley currently has a “Neutral” rating and a $15.50 target price on the stock. The consensus estimate for Xenia Hotels & Resorts’ current full-year earnings is $1.46 per share.

Other analysts have also issued reports about the stock. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a report on Friday, September 13th. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.38.

Xenia Hotels & Resorts Stock Up 0.3 %

NYSE XHR opened at $14.81 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $1.51 billion, a PE ratio of 64.44 and a beta of 1.51. Xenia Hotels & Resorts has a 1 year low of $12.05 and a 1 year high of $15.84. The business’s 50-day moving average is $14.69 and its 200 day moving average is $14.27.

Xenia Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.24%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of XHR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Xenia Hotels & Resorts by 370.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after purchasing an additional 566,144 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Xenia Hotels & Resorts by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after purchasing an additional 465,141 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 179,814.4% during the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after purchasing an additional 350,638 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Xenia Hotels & Resorts during the 3rd quarter valued at about $4,504,000. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 1,602.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock valued at $4,422,000 after purchasing an additional 290,469 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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.