Xenia Hotels & Resorts Inc Declares Quarterly Dividend of $0.28 (XHR)

Xenia Hotels & Resorts Inc (NYSE:XHR) announced a quarterly dividend on Monday, February 27th. Shareholders of record on Friday, March 31st will be given a dividend of 0.275 per share by the real estate investment trust on Friday, April 14th. This represents a $1.10 annualized dividend and a yield of 6.32%. The ex-dividend date is Wednesday, March 29th.

Xenia Hotels & Resorts (NYSE:XHR) traded up 0.52% during mid-day trading on Thursday, reaching $17.50. The company’s stock had a trading volume of 164,286 shares. The stock has a market cap of $1.87 billion, a P/E ratio of 22.15 and a beta of 0.84. The firm’s 50 day moving average is $16.88 and its 200-day moving average is $17.46. Xenia Hotels & Resorts has a one year low of $14.83 and a one year high of $19.87.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, February 28th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.43. The firm earned $219.80 million during the quarter, compared to analysts’ expectations of $223.78 million. Xenia Hotels & Resorts had a net margin of 10.07% and a return on equity of 5.93%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. Equities analysts expect that Xenia Hotels & Resorts will post $0.43 earnings per share for the current fiscal year.

Dividend History for Xenia Hotels & Resorts (NYSE:XHR)

In related news, Director Jeffrey H. Donahue purchased 28,582 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was acquired at an average price of $17.50 per share, for a total transaction of $500,185.00. Following the acquisition, the director now directly owns 30,927 shares of the company’s stock, valued at approximately $541,222.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marcel Verbaas purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, March 7th. The stock was bought at an average price of $17.03 per share, with a total value of $85,150.00. Following the acquisition, the insider now directly owns 46,846 shares in the company, valued at $797,787.38. The disclosure for this purchase can be found here. Company insiders own 0.31% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.50.

TRADEMARK VIOLATION WARNING: This report was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2017/04/20/xenia-hotels-resorts-inc-xhr-to-issue-quarterly-dividend-of-0-28-on-april-14th-updated-updated.html.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on various markets, as well as leisure destinations in the United States. As of December 31, 2016, the Company owned 42 hotels, 40 of which are completely owned, comprising 10,911 rooms, across 20 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

5 Day Chart for NYSE:XHR

Receive News & Ratings for Xenia Hotels & Resorts Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply