Xenia Hotels & Resorts (NYSE:XHR) Shares Up 8.2%

Xenia Hotels & Resorts, Inc. (NYSE:XHR) rose 8.2% during trading on Friday . The stock traded as high as $15.23 and last traded at $15.14. Approximately 177,656 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 817,285 shares. The stock had previously closed at $13.99.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of research reports. KeyCorp lifted their target price on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Jefferies Financial Group upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $18.00 in a report on Thursday, February 29th. Wolfe Research assumed coverage on shares of Xenia Hotels & Resorts in a report on Wednesday, January 10th. They set a “peer perform” rating on the stock. Wells Fargo & Company boosted their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, B. Riley reaffirmed a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.70.

Xenia Hotels & Resorts Price Performance

The firm’s fifty day simple moving average is $14.78 and its 200-day simple moving average is $13.51. The firm has a market capitalization of $1.53 billion, a PE ratio of 78.79 and a beta of 1.46. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.57% and a net margin of 2.09%. The firm had revenue of $253.38 million during the quarter, compared to analysts’ expectations of $253.00 million. On average, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.53 earnings per share for the current fiscal 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 issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.21%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 252.63%.

Institutional Trading of Xenia Hotels & Resorts

A number of institutional investors have recently made changes to their positions in XHR. VitalStone Financial LLC boosted its holdings in Xenia Hotels & Resorts by 54.4% in the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 875 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Xenia Hotels & Resorts in the fourth quarter worth $64,000. International Assets Investment Management LLC increased its position in Xenia Hotels & Resorts by 1,274.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 4,561 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in Xenia Hotels & Resorts in the fourth quarter valued at about $74,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Xenia Hotels & Resorts by 10.8% in 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 acquiring an additional 1,092 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

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.