Xenia Hotels & Resorts, Inc. (XHR) Declares Quarterly Dividend of $0.28
Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Thursday, September 14th, NASDAQ reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.275 per share by the real estate investment trust on Friday, October 13th. This represents a $1.10 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Thursday, September 28th.
Xenia Hotels & Resorts has a dividend payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Xenia Hotels & Resorts to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 57.0%.
Shares of Xenia Hotels & Resorts (NYSE XHR) opened at 20.32 on Friday. Xenia Hotels & Resorts has a 12 month low of $14.84 and a 12 month high of $20.46. The stock has a 50 day moving average of $20.24 and a 200 day moving average of $18.76. The stock has a market cap of $2.17 billion, a PE ratio of 14.90 and a beta of 0.77.
Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.41. The firm had revenue of $244.39 million during the quarter, compared to analysts’ expectations of $231.65 million. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. On average, equities analysts anticipate that Xenia Hotels & Resorts will post $0.90 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, September 8th. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. BidaskClub upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Instinet reiterated a “buy” rating and set a $22.00 price target on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Xenia Hotels & Resorts currently has a consensus rating of “Buy” and a consensus price target of $21.25.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
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