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

Xenia Hotels & Resorts, Inc. (NYSE:XHR) declared a quarterly dividend on Monday, November 18th,RTT News reports. Shareholders 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 annualized dividend and a 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. Equities 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 Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $14.77 on Tuesday. The stock has a market cap of $1.50 billion, a PE ratio of 64.20 and a beta of 1.51. Xenia Hotels & Resorts has a 12 month low of $12.05 and a 12 month high of $15.84. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $14.66 and a 200-day simple moving average of $14.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. B. Riley dropped their target price 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 dropped their price objective for the company from $16.00 to $15.00 in a research note on Friday, September 13th. Finally, StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Hold” 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.