Xenia Hotels & Resorts (XHR) to Release Earnings on Thursday

Xenia Hotels & Resorts (NYSE:XHR) will be releasing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect Xenia Hotels & Resorts to post earnings of $0.41 per share for the quarter. Xenia Hotels & Resorts has set its FY 2024 guidance at 1.590-1.780 EPS and its FY24 guidance at $1.59-$1.78 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. The business had revenue of $253.38 million for the quarter, compared to analyst estimates of $253.00 million. On average, analysts expect Xenia Hotels & Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $14.11 on Tuesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 83.00 and a beta of 1.45. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts has a 12-month low of $10.90 and a 12-month high of $15.84. The firm has a 50-day moving average price of $14.70 and a 200 day moving average price of $13.45.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.40%. Xenia Hotels & Resorts’s dividend payout ratio is presently 282.35%.

Analyst Ratings Changes

A number of analysts have weighed in on XHR shares. Wells Fargo & Company upped their price target on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $18.00 in a report on Thursday, February 29th. 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 research report on Monday, March 4th. Finally, KeyCorp raised their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $15.70.

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.