Xenia Hotels & Resorts (XHR) Scheduled to Post Quarterly Earnings on Thursday

Xenia Hotels & Resorts (NYSE:XHR) will announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce 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.Investors that wish to listen to the company’s conference call can do so using this link.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $253.38 million during the quarter, compared to analysts’ expectations of $253.00 million. Xenia Hotels & Resorts had a return on equity of 1.75% and a net margin of 1.87%. 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 Trading Down 1.6 %

Shares of Xenia Hotels & Resorts stock opened at $13.88 on Wednesday. The firm has a market capitalization of $1.42 billion, a PE ratio of 81.65 and a beta of 1.45. The firm’s 50-day moving average price is $14.72 and its 200 day moving average price is $13.47. Xenia Hotels & Resorts has a twelve month low of $10.90 and a twelve month high of $15.84. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 3.46%. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 282.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XHR shares. KeyCorp boosted their price objective on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Wolfe Research began coverage on Xenia Hotels & Resorts in a research note on Wednesday, January 10th. They issued a “peer perform” rating on the stock. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. B. Riley restated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Finally, Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $15.70.

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.