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 research note released on Monday morning.

Several other equities analysts also recently issued reports on XHR. Jefferies Financial Group raised their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company raised their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.63.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $14.88 on Monday. The business has a 50-day simple moving average of $15.26 and a two-hundred day simple moving average of $14.60. Xenia Hotels & Resorts has a 12-month low of $12.34 and a 12-month high of $16.50. The stock has a market cap of $1.52 billion, a PE ratio of 64.71 and a beta of 1.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.23%. Xenia Hotels & Resorts’s payout ratio is presently 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in Xenia Hotels & Resorts by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 19,312 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 1,790 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Xenia Hotels & Resorts by 28.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 230,574 shares of the real estate investment trust’s stock worth $3,425,000 after acquiring an additional 51,182 shares during the period. Entropy Technologies LP purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth about $157,000. abrdn plc grew its position in shares of Xenia Hotels & Resorts by 30.6% during the 4th quarter. abrdn plc now owns 26,585 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 6,232 shares during the period. Finally, KBC Group NV increased its stake in shares of Xenia Hotels & Resorts by 67.1% during the 4th quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 2,557 shares during 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 real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.