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

Xenia Hotels & Resorts (NYSE:XHR) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.540-1.620 for the period, compared to the consensus 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 6.3 %

Shares of Xenia Hotels & Resorts stock traded up $0.92 during trading hours on Wednesday, reaching $15.41. 1,081,590 shares of the company’s stock were exchanged, compared to its average volume of 799,066. Xenia Hotels & Resorts has a 52-week low of $11.66 and a 52-week high of $15.84. The company has a fifty day moving average of $14.46 and a 200-day moving average of $14.21. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 65.84 and a beta of 1.51.

Xenia Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.11%. Xenia Hotels & Resorts’s dividend payout ratio is presently 218.18%.

Wall Street Analyst Weigh In

Several research analysts recently commented on XHR shares. B. Riley cut 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 report on Wednesday, August 7th. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $16.00 to $15.00 in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.30.

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.