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

Xenia Hotels & Resorts (NYSE:XHR) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.620-1.740 for the period, compared to the consensus EPS estimate of 1.690. The company issued revenue guidance of -.

Xenia Hotels & Resorts Stock Down 2.6 %

NYSE:XHR traded down $0.36 during trading hours on Friday, reaching $13.28. The company had a trading volume of 1,598,910 shares, compared to its average volume of 811,819. Xenia Hotels & Resorts has a twelve month low of $10.90 and a twelve month high of $15.84. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 69.90 and a beta of 1.51. The business’s 50-day simple moving average is $14.19 and its two-hundred day simple moving average is $14.25.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.28). The firm had revenue of $267.49 million during the quarter, compared to the consensus estimate of $258.80 million. Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. On average, equities analysts expect that Xenia Hotels & Resorts will post 1.56 earnings per share for the current year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, June 28th. Xenia Hotels & Resorts’s payout ratio is currently 252.64%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Xenia Hotels & Resorts from a sell rating to a hold rating in a research report on Friday, May 3rd. KeyCorp boosted their price target on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an overweight rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target 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.