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. Stockholders of record on Thursday, December 31st will be paid 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 of this dividend is Thursday, December 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 annually for the last 3 consecutive 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.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock traded up $0.05 during trading on Friday, hitting $21.83. The company’s stock had a trading volume of 423,313 shares, compared to its average volume of 789,676. Xenia Hotels & Resorts has a 52 week low of $13.39 and a 52 week high of $22.39. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $19.04 and a 200-day moving average of $17.86. The company has a market cap of $2.01 billion, a PE ratio of 545.81 and a beta of 1.19.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.07. Xenia Hotels & Resorts had a return on equity of 0.33% and a net margin of 0.34%. The business had revenue of $263.83 million for the quarter, compared to analyst estimates of $256.91 million. During the same period in the prior year, the company earned $0.23 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, research analysts anticipate 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.