Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Free Report) declared a quarterly dividend on Friday, May 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.14 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th.
Xenia Hotels & Resorts has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Xenia Hotels & Resorts has a payout ratio of 254.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Xenia Hotels & Resorts Stock Performance
Shares of NYSE:XHR opened at $15.89 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of 22.69 and a beta of 1.17. The firm’s 50 day simple moving average is $15.50 and its 200-day simple moving average is $14.86. Xenia Hotels & Resorts has a one year low of $11.34 and a one year high of $17.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.05 and a current ratio of 2.05.
Analyst Upgrades and Downgrades
XHR has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and set a $19.00 price target on shares of Xenia Hotels & Resorts in a research note on Monday, May 4th. Weiss Ratings upgraded Xenia Hotels & Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Xenia Hotels & Resorts currently has an average rating of “Buy” and a consensus price target of $17.33.
View Our Latest Analysis on XHR
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.
Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.
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