Xenia Hotels & Resorts (NYSE:XHR) Updates FY 2024 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.540-1.620 for the period, compared to the consensus estimate of 1.670. The company issued revenue guidance of -. Xenia Hotels & Resorts also updated its FY24 guidance to $1.54-1.62 EPS.

Analysts Set New Price Targets

Several research firms recently commented on XHR. B. Riley lowered their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $15.30.

Xenia Hotels & Resorts Stock Up 6.3 %

XHR traded up $0.92 on Wednesday, reaching $15.41. 1,081,590 shares of the company traded hands, compared to its average volume of 799,066. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 65.84 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 2.26. The stock’s 50 day moving average price is $14.46 and its 200-day moving average price is $14.21. Xenia Hotels & Resorts has a 52-week low of $11.66 and a 52-week high of $15.84.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.11%. Xenia Hotels & Resorts’s payout ratio is 218.18%.

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.