Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Free Report) announced a quarterly dividend on Tuesday, February 24th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.14 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, March 31st.
Xenia Hotels & Resorts has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. Xenia Hotels & Resorts has a payout ratio of 254.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Xenia Hotels & Resorts to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 35.2%.
Xenia Hotels & Resorts Stock Down 3.2%
Shares of NYSE:XHR opened at $14.62 on Friday. The firm has a 50 day simple moving average of $15.16 and a 200-day simple moving average of $14.36. Xenia Hotels & Resorts has a twelve month low of $8.55 and a twelve month high of $16.48. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1.35 billion, a PE ratio of 22.84 and a beta of 1.17.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.
Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.
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