Xenia Hotels & Resorts (XHR) Scheduled to Post Quarterly Earnings on Thursday

Xenia Hotels & Resorts (NYSE:XHR) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Xenia Hotels & Resorts has set its FY 2024 guidance at 1.590-1.780 EPS and its FY24 guidance at $1.59-$1.78 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results 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). Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. The firm had revenue of $253.38 million during the quarter, compared to the consensus estimate of $253.00 million. On average, analysts expect Xenia Hotels & Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Xenia Hotels & Resorts Stock Down 0.1 %

Shares of NYSE:XHR opened at $14.52 on Thursday. Xenia Hotels & Resorts has a 52 week low of $10.90 and a 52 week high of $15.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market capitalization of $1.48 billion, a PE ratio of 85.41 and a beta of 1.45. The company has a 50 day moving average price of $14.65 and a two-hundred day moving average price of $13.39.

Xenia Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.12 per share. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 3.31%. Xenia Hotels & Resorts’s dividend payout ratio is currently 282.35%.

Wall Street Analysts Forecast Growth

XHR has been the subject of several research reports. Wolfe Research initiated coverage on shares of Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They set a “peer perform” rating for the company. KeyCorp increased their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $18.00 in a research report on Thursday, February 29th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.70.

Xenia Hotels & Resorts Company Profile

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.