Xenia Hotels & Resorts, Inc. (NYSE:XHR) to Issue $0.14 Quarterly Dividend

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Thursday, November 13th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.14 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, December 31st.

Xenia Hotels & Resorts has decreased its dividend payment by an average of 0.2%annually 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. 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 Performance

XHR traded up $0.05 during mid-day trading on Friday, reaching $13.88. 138,194 shares of the company traded hands, compared to its average volume of 925,307. The company’s fifty day moving average price is $13.59 and its 200-day moving average price is $12.96. The stock has a market capitalization of $1.32 billion, a P/E ratio of 22.00 and a beta of 1.71. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.13. Xenia Hotels & Resorts has a 52-week low of $8.55 and a 52-week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.39. The company had revenue of $236.42 million during the quarter, compared to analyst estimates of $236.16 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.During the same quarter in the previous year, the company posted $0.25 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. On average, sell-side analysts expect that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Institutional Trading of Xenia Hotels & Resorts

Large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC grew its position in Xenia Hotels & Resorts by 114.1% in the third quarter. Salomon & Ludwin LLC now owns 2,085 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,111 shares in the last quarter. MAI Capital Management raised its position in Xenia Hotels & Resorts by 475.6% during the third quarter. MAI Capital Management now owns 2,026 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,674 shares during the period. Allworth Financial LP lifted its stake in shares of Xenia Hotels & Resorts by 231.4% in the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,798 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 38.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,023 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,119 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter valued at approximately $68,000. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.