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

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Monday, November 18th,RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Tuesday, December 31st.

Xenia Hotels & Resorts has a 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. Equities 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 Stock Performance

Shares of XHR opened at $14.81 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average price is $14.69 and its 200-day moving average price is $14.27. Xenia Hotels & Resorts has a 52 week low of $12.05 and a 52 week high of $15.84. The stock has a market cap of $1.51 billion, a P/E ratio of 64.39 and a beta of 1.51.

Analysts Set New Price Targets

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

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.