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

Xenia Hotels & Resorts (NYSE:XHR) 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) 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.

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.