Xenia Hotels & Resorts (NYSE:XHR) Updates FY24 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $1.61-$1.76 for the period, compared to the consensus EPS estimate of $1.66.

Xenia Hotels & Resorts Trading Up 0.4 %

NYSE XHR traded up $0.05 on Thursday, hitting $13.99. 1,514,219 shares of the stock were exchanged, compared to its average volume of 824,744. The company’s 50-day moving average price is $14.73 and its two-hundred day moving average price is $13.47. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 82.12 and a beta of 1.45. Xenia Hotels & Resorts has a 52-week low of $10.90 and a 52-week high of $15.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The business had revenue of $253.38 million for the quarter, compared to analysts’ expectations of $253.00 million. Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. Research analysts predict that Xenia Hotels & Resorts will post 1.53 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio is 282.35%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XHR shares. KeyCorp upped their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an overweight rating in a research note on Friday, April 5th. StockNews.com lowered Xenia Hotels & Resorts from a hold rating to a sell rating in a report on Thursday, April 11th. B. Riley restated a neutral rating and issued a $17.00 target price (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wolfe Research started coverage on Xenia Hotels & Resorts in a report on Wednesday, January 10th. They set a peer perform rating for the company. Finally, Wells Fargo & Company boosted their price target on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an equal weight rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.