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

Xenia Hotels & Resorts (NYSE:XHRGet Free Report) 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.

Get Our Latest Research Report on XHR

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:XHRGet Free Report) 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

(Get Free Report)

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.

See Also

Receive News & Ratings for Xenia Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.