Xenia Hotels & Resorts (NYSE:XHR) Price Target Raised to $18.00

Xenia Hotels & Resorts (NYSE:XHR) had its price target increased by Wells Fargo & Company from $17.00 to $18.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Separately, StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.13.

Xenia Hotels & Resorts Stock Down 0.9 %

Shares of XHR opened at $16.21 on Monday. Xenia Hotels & Resorts has a 52-week low of $12.34 and a 52-week high of $16.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a fifty day simple moving average of $15.08 and a two-hundred day simple moving average of $14.39. The company has a market capitalization of $1.65 billion, a PE ratio of 70.48 and a beta of 1.52.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 2.96%. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter worth about $25,000. Loomis Sayles & Co. L P grew its stake in Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 worth $60,000 after purchasing an additional 1,023 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Xenia Hotels & Resorts by 2,559.7% in the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Algert Global LLC purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at approximately $147,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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.