Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Free Report) announced a quarterly dividend on Tuesday, February 24th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.14 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 31st.
Xenia Hotels & Resorts has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Xenia Hotels & Resorts has a dividend payout ratio of 254.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Xenia Hotels & Resorts to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 35.2%.
Xenia Hotels & Resorts Trading Down 1.4%
Shares of NYSE:XHR traded down $0.22 during trading on Tuesday, reaching $15.70. The company’s stock had a trading volume of 761,358 shares, compared to its average volume of 758,863. The stock has a market capitalization of $1.49 billion, a PE ratio of 28.04 and a beta of 1.23. Xenia Hotels & Resorts has a 12 month low of $8.55 and a 12 month high of $16.48. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.16. The firm’s 50 day simple moving average is $15.06 and its two-hundred day simple moving average is $14.18.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.
Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.
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