Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Free Report) declared a quarterly dividend on Friday, November 17th, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, January 12th. This represents a $0.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, December 28th.
Xenia Hotels & Resorts has decreased its dividend by an average of 43.4% annually over the last three years. Xenia Hotels & Resorts has a payout ratio of 250.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Xenia Hotels & Resorts to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 27.4%.
Xenia Hotels & Resorts Price Performance
Shares of NYSE:XHR opened at $12.61 on Friday. Xenia Hotels & Resorts has a fifty-two week low of $10.90 and a fifty-two week high of $16.10. The business has a 50-day simple moving average of $11.85 and a two-hundred day simple moving average of $12.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 30.76 and a beta of 1.45.
Institutional Investors Weigh In On Xenia Hotels & Resorts
Wall Street Analyst Weigh In
A number of brokerages have weighed in on XHR. StockNews.com began coverage on Xenia Hotels & Resorts in a research report on Thursday, October 5th. They issued a “sell” rating for the company. Wells Fargo & Company decreased their target price on Xenia Hotels & Resorts from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. B. Riley decreased their target price on Xenia Hotels & Resorts from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, August 14th. Finally, Morgan Stanley boosted their target price on Xenia Hotels & Resorts from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $14.80.
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.
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