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

by · The Cerbat Gem

Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.540-1.620 for the period, compared to the consensus EPS 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 Price Performance

XHR traded up $0.13 during midday trading on Friday, hitting $15.09. 835,388 shares of the company traded hands, compared to its average volume of 802,014. The business has a 50 day simple moving average of $14.52 and a two-hundred day simple moving average of $14.23. Xenia Hotels & Resorts has a 52-week low of $11.67 and a 52-week high of $15.84. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 65.61 and a beta of 1.51. 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 (NYSE:XHR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.33). Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.85%. The company had revenue of $236.81 million during the quarter, compared to analysts’ expectations of $239.25 million. On average, equities analysts forecast that Xenia Hotels & Resorts will post 1.54 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. B. Riley decreased their price objective on 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 upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $16.00 to $15.00 in a research report on Friday, September 13th. 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.38.

Check Out Our Latest Report on Xenia Hotels & Resorts

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.

Featured Stories