Xenia Hotels & Resorts, Inc. (NYSE:XHR) Announces Dividend Increase – $0.14 Per Share

Xenia Hotels & Resorts, Inc. (NYSE:XHR) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 4.17%. 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Price Performance

XHR traded up $0.38 on Wednesday, hitting $13.44. 108,569 shares of the company’s stock traded hands, compared to its average volume of 638,517. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts has a one year low of $12.34 and a one year high of $16.50. The company’s 50 day simple moving average is $14.77 and its 200-day simple moving average is $14.69. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 58.67 and a beta of 1.50.

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

Wall Street Analysts Forecast Growth

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

About Xenia Hotels & Resorts

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.