B. Riley Issues Negative Estimate for XHR Earnings

Xenia Hotels & Resorts, Inc. (NYSE:XHR) – Equities researchers at B. Riley lowered their Q4 2024 earnings per share (EPS) estimates for shares of Xenia Hotels & Resorts in a research note issued on Wednesday, November 13th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $0.38 for the quarter, down from their previous forecast of $0.41. B. Riley currently has a “Neutral” rating and a $15.50 target price on the stock. The consensus estimate for Xenia Hotels & Resorts’ current full-year earnings is $1.46 per share.

A number of other equities analysts have also recently weighed in on XHR. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.38.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $14.77 on Monday. Xenia Hotels & Resorts has a 1 year low of $12.05 and a 1 year high of $15.84. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a fifty day moving average price of $14.66 and a two-hundred day moving average price of $14.26. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 64.39 and a beta of 1.51.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in Xenia Hotels & Resorts by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust’s stock valued at $3,776,000 after acquiring an additional 962 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,023 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Xenia Hotels & Resorts by 5.7% in the first quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,143 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Xenia Hotels & Resorts by 12.0% during the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Xenia Hotels & Resorts by 4.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 1,415 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.25%. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

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.