Xenia Hotels & Resorts, Inc. (XHR) to Issue Quarterly Dividend of $0.12 on October 15th

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders 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 dividend yield of 3.19%. The ex-dividend date is Monday, September 30th.

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

Xenia Hotels & Resorts stock opened at $15.05 on Friday. Xenia Hotels & Resorts has a 12-month low of $10.92 and a 12-month high of $15.84. The stock has a 50-day simple moving average of $13.79 and a 200 day simple moving average of $14.25. 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 stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 79.21 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results 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 company had revenue of $272.90 million for the quarter, compared to analyst estimates of $275.66 million. Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. Xenia Hotels & Resorts’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. On average, research analysts anticipate that Xenia Hotels & Resorts will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

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