B. Riley Expects Weaker Earnings for Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc. (NYSE:XHR) – Equities researchers at B. Riley decreased their FY2024 earnings per share estimates for shares of Xenia Hotels & Resorts in a report released on Wednesday, November 13th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings of $1.47 per share for the year, down from their previous forecast of $1.55. 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. B. Riley also issued estimates for Xenia Hotels & Resorts’ Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.49 EPS.

XHR has been the subject of a number of other reports. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $16.00 to $15.00 in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.38.

Xenia Hotels & Resorts Price Performance

XHR opened at $15.03 on Friday. Xenia Hotels & Resorts has a 1 year low of $12.05 and a 1 year high of $15.84. The stock has a 50-day moving average price of $14.59 and a 200-day moving average price of $14.25. The firm has a market cap of $1.53 billion, a PE ratio of 65.35 and a beta of 1.51. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Xenia Hotels & Resorts by 34.9% during the 3rd 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 buying an additional 1,023 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Xenia Hotels & Resorts by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 1,143 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Xenia Hotels & Resorts by 4.4% in 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 in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Xenia Hotels & Resorts by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Xenia Hotels & Resorts in the 2nd quarter worth approximately $25,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.19%. Xenia Hotels & Resorts’s 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.