Xenia Hotels & Resorts, Inc. (NYSE:XHR) Declares Quarterly Dividend of $0.14

Xenia Hotels & Resorts, Inc. (NYSE:XHR) declared a quarterly dividend on Thursday, November 13th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.14 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, December 31st.

Xenia Hotels & Resorts has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Xenia Hotels & Resorts has a dividend 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. Equities analysts expect Xenia Hotels & Resorts to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 35.2%.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE:XHR traded up $0.12 during trading on Friday, hitting $13.95. 297,645 shares of the company traded hands, compared to its average volume of 926,013. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.13. The business’s fifty day moving average is $13.59 and its 200-day moving average is $12.96. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.14 and a beta of 1.71. Xenia Hotels & Resorts has a one year low of $8.55 and a one year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.39. The business had revenue of $236.42 million during the quarter, compared to analyst estimates of $236.16 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.During the same quarter in the previous year, the firm posted $0.25 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. As a group, equities analysts predict that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aberdeen Group plc boosted its stake in Xenia Hotels & Resorts by 3.6% during the first quarter. Aberdeen Group plc now owns 27,543 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 958 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Xenia Hotels & Resorts by 1.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,312 shares of the real estate investment trust’s stock worth $733,000 after acquiring an additional 975 shares during the period. Arete Wealth Advisors LLC grew its position in Xenia Hotels & Resorts by 5.4% during the first quarter. Arete Wealth Advisors LLC now owns 21,099 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 1,085 shares in the last quarter. Salomon & Ludwin LLC increased its stake in Xenia Hotels & Resorts by 114.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,085 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,111 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Xenia Hotels & Resorts by 38.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,023 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 1,119 shares during the period. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.