Xenia Hotels & Resorts, Inc. (XHR) to Issue Quarterly Dividend of $0.12 on January 15th

Xenia Hotels & Resorts, Inc. (NYSE:XHR) announced a quarterly dividend on Monday, November 18th,RTT News reports. Investors 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 dividend yield of 3.18%. The ex-dividend date is Tuesday, December 31st.

Xenia Hotels & Resorts has a 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

Xenia Hotels & Resorts stock opened at $15.09 on Friday. The company has a market capitalization of $1.54 billion, a PE ratio of 65.61 and a beta of 1.52. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average price of $15.21 and a two-hundred day moving average price of $14.48. Xenia Hotels & Resorts has a 12 month low of $12.34 and a 12 month high of $16.50.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XHR. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Wells Fargo & Company boosted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.