Xenia Hotels & Resorts (NYSE:XHR) Upgraded at StockNews.com

StockNews.com upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from a sell rating to a hold rating in a report published on Friday morning.

Several other brokerages have also recently commented on XHR. Wolfe Research initiated coverage on shares of Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They set a peer perform rating on the stock. Jefferies Financial Group upgraded Xenia Hotels & Resorts from a hold rating to a buy rating and raised their price target for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. KeyCorp upped their price objective on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an overweight rating in a research note on Friday, April 5th. Wells Fargo & Company raised their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an equal weight rating in a research note on Thursday, March 21st. Finally, B. Riley reiterated a neutral rating and issued a $17.00 price target (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 given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of Hold and an average target price of $15.70.

Xenia Hotels & Resorts Trading Up 7.0 %

XHR opened at $14.97 on Friday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 78.79 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts has a 12 month low of $10.90 and a 12 month high of $15.84. The firm’s fifty day simple moving average is $14.78 and its 200 day simple moving average is $13.52.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The firm had revenue of $253.38 million for the quarter, compared to the consensus estimate of $253.00 million. Xenia Hotels & Resorts had a return on equity of 1.57% and a net margin of 2.09%. As a group, research analysts anticipate that Xenia Hotels & Resorts will post 1.53 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Wednesday, March 27th. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 252.64%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 683 Capital Management LLC grew its position in shares of Xenia Hotels & Resorts by 461.7% in the third quarter. 683 Capital Management LLC now owns 1,650,000 shares of the real estate investment trust’s stock valued at $19,437,000 after purchasing an additional 1,356,258 shares during the last quarter. Kennedy Capital Management LLC bought a new position in Xenia Hotels & Resorts during the 3rd quarter worth $13,177,000. Norges Bank acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $9,787,000. Brandywine Global Investment Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the third quarter valued at about $7,099,000. Finally, Wellington Management Group LLP grew its stake in shares of Xenia Hotels & Resorts by 4.6% in the third quarter. Wellington Management Group LLP now owns 9,858,393 shares of the real estate investment trust’s stock valued at $116,132,000 after acquiring an additional 435,427 shares in the last quarter. Institutional investors and hedge funds 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.