Xenia Hotels & Resorts (NYSE:XHR) Updates FY24 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $1.54-1.62 for the period, compared to the consensus EPS estimate of $1.67. Xenia Hotels & Resorts also updated its FY 2024 guidance to 1.540-1.620 EPS.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of recent research reports. B. Riley dropped their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company raised Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $16.00 to $15.00 in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.30.

Xenia Hotels & Resorts Trading Up 6.3 %

Shares of XHR stock traded up $0.92 during mid-day trading on Wednesday, hitting $15.41. 1,081,590 shares of the company’s stock were exchanged, compared to its average volume of 799,066. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 65.84 and a beta of 1.51. The stock has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $14.21. Xenia Hotels & Resorts has a fifty-two week low of $11.66 and a fifty-two week high of $15.84. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 218.18%.

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.