Xenia Hotels & Resorts, Inc. (NYSE:XHR) Given Average Rating of “Hold” by Analysts

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been given an average rating of “Hold” by the six brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.70.

XHR has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a report on Thursday, March 21st. KeyCorp boosted their price target on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Wolfe Research began coverage on Xenia Hotels & Resorts in a report on Wednesday, January 10th. They issued a “peer perform” rating for the company. Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. Finally, B. Riley restated a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of large investors have recently bought and sold shares of XHR. SG Americas Securities LLC boosted its position in shares of Xenia Hotels & Resorts by 194.3% in the third quarter. SG Americas Securities LLC now owns 64,916 shares of the real estate investment trust’s stock valued at $765,000 after acquiring an additional 42,861 shares during the period. Commonwealth Equity Services LLC grew its position in Xenia Hotels & Resorts by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 205,825 shares of the real estate investment trust’s stock worth $2,425,000 after purchasing an additional 2,489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Xenia Hotels & Resorts by 7.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,605 shares of the real estate investment trust’s stock worth $514,000 after purchasing an additional 3,099 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Xenia Hotels & Resorts by 10.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 1,092 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in shares of Xenia Hotels & Resorts in the third quarter valued at about $349,000. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $14.97 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 78.79 and a beta of 1.46. The firm’s fifty day moving average price is $14.78 and its 200 day moving average price is $13.51. Xenia Hotels & Resorts has a 1-year low of $10.90 and a 1-year high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $253.38 million during the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.57%. On average, sell-side analysts expect that Xenia Hotels & Resorts will post 1.53 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.12 dividend. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio is currently 252.63%.

Xenia Hotels & Resorts Company Profile

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.