B. Riley Expects Weaker Earnings for Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc. (NYSE:XHR) – Stock analysts at B. Riley reduced their Q4 2024 earnings estimates for shares of Xenia Hotels & Resorts in a research note issued on Wednesday, November 13th. B. Riley analyst B. Maher now expects that the real estate investment trust will earn $0.38 per share for the quarter, down from their prior estimate of $0.41. B. Riley has a “Neutral” rating and a $15.50 price objective on the stock. The consensus estimate for Xenia Hotels & Resorts’ current full-year earnings is $1.46 per share.

XHR has been the topic of a number of other research reports. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $16.00 to $15.00 in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.38.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE XHR opened at $14.77 on Monday. The company has a 50-day simple moving average of $14.66 and a 200-day simple moving average of $14.26. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $1.50 billion, a PE ratio of 64.39 and a beta of 1.51. Xenia Hotels & Resorts has a 12 month low of $12.05 and a 12 month high of $15.84.

Institutional Trading of Xenia Hotels & Resorts

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Xenia Hotels & Resorts by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after purchasing an additional 60,323 shares during the period. Barclays PLC increased its position in Xenia Hotels & Resorts by 295.7% during the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock worth $2,555,000 after purchasing an additional 129,328 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Xenia Hotels & Resorts by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust’s stock valued at $3,776,000 after buying an additional 962 shares during the period. MML Investors Services LLC lifted its position in Xenia Hotels & Resorts by 12.0% during the third quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 1,338 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Xenia Hotels & Resorts by 5.0% during the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after buying an additional 465,141 shares during the period. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. Xenia Hotels & Resorts’s payout ratio is 208.70%.

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.