Xenia Hotels & Resorts (NYSE:XHR) Issues FY 2024 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 1.610-1.760 for the period, compared to the consensus EPS estimate of 1.640. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on XHR shares. Wells Fargo & Company upped their price target on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an equal weight rating in a report on Thursday, March 21st. StockNews.com raised Xenia Hotels & Resorts from a sell rating to a hold rating in a research note on Friday. B. Riley restated a neutral rating and issued a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. Wolfe Research began coverage on Xenia Hotels & Resorts in a report on Wednesday, January 10th. They set a peer perform rating for the company. Finally, Jefferies Financial Group raised Xenia Hotels & Resorts from a hold rating to a buy rating and lifted their target price for the company from $14.00 to $18.00 in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $15.70.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE XHR opened at $14.97 on Monday. Xenia Hotels & Resorts has a 12 month low of $10.90 and a 12 month high of $15.84. The stock has a 50 day moving average of $14.78 and a 200-day moving average of $13.52. The company has a current ratio of 2.24, a quick ratio of 2.50 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1.53 billion, a P/E ratio of 78.79 and a beta of 1.46.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $253.38 million during the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.58%. As a group, equities research analysts predict that Xenia Hotels & Resorts will post 1.53 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 3.21%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 252.64%.

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.