Xenia Hotels & Resorts, Inc. Plans Quarterly Dividend of $0.12 (NYSE:XHR)

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Monday, November 18th,RTT News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.48 annualized dividend and a yield of 3.25%.

Xenia Hotels & Resorts has a dividend payout ratio of 154.8% 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 $1.58 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 30.4%.

Xenia Hotels & Resorts Price Performance

Shares of NYSE:XHR opened at $14.77 on Monday. The business has a fifty day simple moving average of $14.66 and a 200-day simple moving average of $14.26. Xenia Hotels & Resorts has a 52 week low of $12.05 and a 52 week high of $15.84. The company has a market cap of $1.50 billion, a P/E ratio of 64.22 and a beta of 1.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Analysts Set New Price Targets

XHR has been the topic of several research analyst reports. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. Finally, B. Riley lowered their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Hold” and an average target price of $16.38.

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.