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

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

Xenia Hotels & Resorts Trading Up 0.9 %

Shares of Xenia Hotels & Resorts stock traded up $0.13 during mid-day trading on Friday, hitting $15.09. The stock had a trading volume of 835,388 shares, compared to its average volume of 802,014. The firm has a market cap of $1.54 billion, a P/E ratio of 65.61 and a beta of 1.51. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average of $14.52 and a two-hundred day moving average of $14.23. Xenia Hotels & Resorts has a 12-month low of $11.67 and a 12-month high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.33). Xenia Hotels & Resorts had a return on equity of 1.85% and a net margin of 2.37%. The business had revenue of $236.81 million during the quarter, compared to analysts’ expectations of $239.25 million. Sell-side analysts forecast that Xenia Hotels & Resorts will post 1.54 earnings per share for the current year.

Xenia Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.18%. Xenia Hotels & Resorts’s payout ratio is currently 208.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XHR shares. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $16.00 to $15.00 in a research report on Friday, September 13th. B. Riley dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.