Xenia Hotels & Resorts (NYSE:XHR) Issues FY 2024 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 1.610-1.760 for the period, compared to the consensus EPS estimate of 1.640. The company issued revenue guidance of -.

Xenia Hotels & Resorts Stock Up 7.0 %

Shares of XHR opened at $14.97 on Monday. The company’s 50-day simple moving average is $14.78 and its 200-day simple moving average is $13.52. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.50 and a current ratio of 2.24. Xenia Hotels & Resorts has a 1 year low of $10.90 and a 1 year high of $15.84. The stock has a market capitalization of $1.53 billion, a PE ratio of 78.79 and a beta of 1.46.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. The firm had revenue of $253.38 million for the quarter, compared to analyst estimates of $253.00 million. Analysts forecast that Xenia Hotels & Resorts will post 1.53 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.12 per share. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio is currently 252.64%.

Analyst Ratings Changes

XHR has been the subject of a number of research analyst reports. StockNews.com raised Xenia Hotels & Resorts from a sell rating to a hold rating in a report on Friday. Wolfe Research assumed coverage on shares of Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They issued a peer perform rating for the company. KeyCorp boosted their target price on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an overweight rating in a report on Friday, April 5th. Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a hold rating to a buy rating and upped their price target for the company from $14.00 to $18.00 in a research report on Thursday, February 29th. Finally, B. Riley reiterated a neutral rating and set a $17.00 target price (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has a consensus rating of Hold and an average price target of $15.70.

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.