Xenia Hotels & Resorts, Inc. (NYSE:XHR) Increases Dividend to $0.14 Per Share

Xenia Hotels & Resorts, Inc. (NYSE:XHR) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.14 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.01%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12.

Xenia Hotels & Resorts has a payout ratio of 141.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $0.48 annual dividend with an expected future payout ratio of 30.2%.

Xenia Hotels & Resorts Stock Performance

NYSE XHR opened at $13.98 on Tuesday. The company has a market capitalization of $1.42 billion, a PE ratio of 60.77 and a beta of 1.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. Xenia Hotels & Resorts has a 52-week low of $12.34 and a 52-week high of $16.50. The company has a 50-day simple moving average of $14.82 and a 200 day simple moving average of $14.69.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The company had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. During the same quarter last year, the business posted $0.41 EPS. Xenia Hotels & Resorts’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XHR shares. Wells Fargo & Company dropped their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group increased their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $17.38.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of 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.