Xenia Hotels & Resorts, Inc. (NYSE:XHR) declared a quarterly dividend on Thursday, September 14th, NASDAQ reports. Investors of record on Friday, September 29th will be given a dividend of 0.275 per share by the real estate investment trust on Friday, October 13th. This represents a $1.10 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, September 28th.

Xenia Hotels & Resorts has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xenia Hotels & Resorts to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 57.0%.

Xenia Hotels & Resorts (XHR) opened at 20.85 on Friday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.30 and a beta of 0.77. Xenia Hotels & Resorts has a 52-week low of $14.84 and a 52-week high of $21.10. The company’s 50-day moving average price is $20.38 and its 200 day moving average price is $20.38.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.41. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The business had revenue of $244.39 million during the quarter, compared to analysts’ expectations of $231.65 million. During the same quarter last year, the company posted $0.65 earnings per share. Xenia Hotels & Resorts’s quarterly revenue was down 6.5% on a year-over-year basis. Equities analysts predict that Xenia Hotels & Resorts will post $0.90 earnings per share for the current fiscal year.

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A number of equities analysts recently commented on XHR shares. TheStreet upgraded Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. BidaskClub cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley lifted their price target on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, June 16th. Zacks Investment Research cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Instinet reiterated a “buy” rating and set a $22.00 price target on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.50.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

Dividend History for Xenia Hotels & Resorts (NYSE:XHR)

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