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

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced 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 3.18%. The ex-dividend date of this dividend is Tuesday, December 31st.

Xenia Hotels & Resorts has a dividend payout ratio of 154.8% indicating that 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 Price Performance

XHR stock opened at $15.09 on Friday. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50. The stock has a market capitalization of $1.54 billion, a PE ratio of 65.61 and a beta of 1.52. The company’s 50-day moving average is $15.21 and its 200-day moving average is $14.48. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.

Analysts Set New Price Targets

XHR has been the topic of several recent research reports. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Wells Fargo & Company lifted their price target on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $17.13.

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.