B. Riley Expects Weaker Earnings for Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc. (NYSE:XHR) – Stock analysts at B. Riley dropped their FY2024 earnings estimates for shares of Xenia Hotels & Resorts in a research report issued on Wednesday, November 13th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will earn $1.47 per share for the year, down from their previous forecast of $1.55. 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. B. Riley also issued estimates for Xenia Hotels & Resorts’ Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.49 EPS.

Several other research firms also recently weighed in on XHR. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $16.38.

Xenia Hotels & Resorts Trading Down 1.5 %

Shares of NYSE:XHR opened at $14.77 on Friday. Xenia Hotels & Resorts has a 12-month low of $12.05 and a 12-month high of $15.84. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.50 billion, a PE ratio of 64.22 and a beta of 1.51. The stock has a 50 day moving average of $14.66 and a 200 day moving average of $14.26.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Xenia Hotels & Resorts in the second quarter valued at approximately $25,000. Loomis Sayles & Co. L P boosted its stake in Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,982 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Xenia Hotels & Resorts by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,023 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Xenia Hotels & Resorts in the first quarter valued at $135,000. Finally, International Assets Investment Management LLC raised its position in Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 9,394 shares during the period. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, September 30th. Xenia Hotels & Resorts’s payout ratio is 208.70%.

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.