Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Free Report) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.14 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th.
Xenia Hotels & Resorts has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. Xenia Hotels & Resorts has a payout ratio of 254.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Xenia Hotels & Resorts Stock Down 3.1%
XHR stock traded down $0.51 during trading on Friday, reaching $15.89. The stock had a trading volume of 1,225,877 shares, compared to its average volume of 733,800. Xenia Hotels & Resorts has a 1-year low of $11.34 and a 1-year high of $17.23. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $1.47 billion, a P/E ratio of 22.69 and a beta of 1.17. The firm has a fifty day moving average price of $15.49 and a 200 day moving average price of $14.85.
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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