Xenia Hotels & Resorts, Inc. (NYSE:XHR) Announces Quarterly Dividend of $0.12

Xenia Hotels & Resorts, Inc. (NYSE:XHR) declared a quarterly dividend on Monday, November 18th,RTT News reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.25%.

Xenia Hotels & Resorts has a dividend payout ratio of 154.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Xenia Hotels & Resorts to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 30.4%.

Xenia Hotels & Resorts Price Performance

XHR stock opened at $14.77 on Monday. The business’s fifty day moving average price is $14.66 and its 200 day moving average price is $14.26. Xenia Hotels & Resorts has a 12-month low of $12.05 and a 12-month high of $15.84. The company has a market capitalization of $1.50 billion, a PE ratio of 64.22 and a beta of 1.51. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Analyst Upgrades and Downgrades

XHR has been the subject of several recent research reports. B. Riley lowered their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research note 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. Finally, StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.