Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Will Pay Quarterly Dividend of $0.14

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Friday, November 13th. Investors of record on Thursday, December 31st will be given a dividend of $0.14 per share by the real estate investment trust on Friday, January 15th. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, December 31st.

Xenia Hotels & Resorts has increased its dividend by an average of 0.1% annually 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Xenia Hotels & Resorts Price Performance

NYSE:XHR traded up $0.05 during trading hours on Friday, reaching $21.83. The company had a trading volume of 423,313 shares, compared to its average volume of 789,676. The stock has a 50-day moving average of $19.04 and a two-hundred day moving average of $17.86. Xenia Hotels & Resorts has a one year low of $13.39 and a one year high of $22.39. The firm has a market capitalization of $2.01 billion, a PE ratio of 545.81 and a beta of 1.19. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.18.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. Xenia Hotels & Resorts had a net margin of 0.34% and a return on equity of 0.33%. The company had revenue of $263.83 million during the quarter, compared to analysts’ expectations of $256.91 million. During the same quarter in the previous year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts forecast that Xenia Hotels & Resorts will post 1.76 earnings per share for the current year.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc. is a real estate investment trust focused on owning luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are concentrated in major U.S. lodging markets and popular leisure destinations. The company’s hotels operate under a range of well-known hospitality brands and are generally managed by third-party operators. This structure allows Xenia to focus on investing in and overseeing its hotel real estate while operators handle day-to-day guest services.