Xenia Hotels & Resorts (NYSE:XHR) Issues FY24 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.54-1.62 for the period, compared to the consensus earnings per share estimate of $1.67. Xenia Hotels & Resorts also updated its FY 2024 guidance to 1.540-1.620 EPS.

Xenia Hotels & Resorts Trading Up 0.9 %

XHR traded up $0.13 on Friday, hitting $15.09. The company had a trading volume of 903,627 shares, compared to its average volume of 802,014. The company’s fifty day moving average price is $14.52 and its 200 day moving average price is $14.23. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts has a 1 year low of $11.67 and a 1 year high of $15.84. The firm has a market cap of $1.54 billion, a P/E ratio of 65.61 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results 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). The firm had revenue of $236.81 million during the quarter, compared to analyst estimates of $239.25 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.85%. As a group, equities analysts expect that Xenia Hotels & Resorts will post 1.54 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

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

Wall Street Analysts Forecast Growth

XHR has been the topic of several analyst reports. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $16.00 to $15.00 in a report on Friday, September 13th. B. Riley lowered their price target on shares of 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $16.38.

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.