Xenia Hotels & Resorts (NYSE:XHR) Issues Earnings Results, Misses Expectations By $0.33 EPS

Xenia Hotels & Resorts (NYSE:XHRGet Free Report) released its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.33), reports. 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. Xenia Hotels & Resorts updated its FY 2024 guidance to 1.540-1.620 EPS and its FY24 guidance to $1.54-1.62 EPS.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $15.09 on Friday. The firm has a market capitalization 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 company has a 50 day moving average price of $14.52 and a 200 day moving average price of $14.23. Xenia Hotels & Resorts has a 52 week low of $11.67 and a 52 week high of $15.84.

Xenia Hotels & Resorts Announces Dividend

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

Analyst Upgrades and Downgrades

XHR has been the subject of several analyst reports. B. Riley decreased their price target on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $16.00 to $15.00 in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Read Our Latest Stock Analysis on XHR

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new position in Xenia Hotels & Resorts in the 3rd quarter worth approximately $356,000. Thrivent Financial for Lutherans grew its stake in shares of Xenia Hotels & Resorts by 47.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 198,545 shares of the real estate investment trust’s stock worth $2,933,000 after purchasing an additional 63,490 shares during the period. Metis Global Partners LLC acquired a new stake in shares of Xenia Hotels & Resorts during the 3rd quarter worth approximately $155,000. Victory Capital Management Inc. grew its stake in shares of Xenia Hotels & Resorts by 66.7% during the 3rd quarter. Victory Capital Management Inc. now owns 105,426 shares of the real estate investment trust’s stock worth $1,557,000 after purchasing an additional 42,191 shares during the period. Finally, QRG Capital Management Inc. grew its stake in shares of Xenia Hotels & Resorts by 13.8% during the 3rd quarter. QRG Capital Management Inc. now owns 19,092 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 2,310 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

(Get Free Report)

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.

Further Reading

Earnings History for Xenia Hotels & Resorts (NYSE:XHR)

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