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

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

Shares of NYSE:XHR traded up $0.13 during trading on Friday, reaching $15.09. The company had a trading volume of 835,388 shares, compared to its average volume of 802,014. The company has a fifty day moving average of $14.52 and a two-hundred day moving average of $14.23. 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 stock has a market capitalization of $1.54 billion, a P/E ratio of 65.61 and a beta of 1.51. Xenia Hotels & Resorts has a 12 month low of $11.67 and a 12 month high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.07) EPS 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 firm had revenue of $236.81 million during the quarter, compared to the consensus estimate of $239.25 million. Equities research analysts forecast that Xenia Hotels & Resorts will post 1.54 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on XHR shares. B. Riley reduced 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 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 reduced their target price for the company from $16.00 to $15.00 in a report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average 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.