Xenia Hotels & Resorts (NYSE:XHR) Price Target Cut to $16.00 by Analysts at KeyCorp

Xenia Hotels & Resorts (NYSE:XHR) had its target price reduced by KeyCorp from $17.00 to $16.00 in a research note published on Monday morning,Benzinga reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on XHR. Wells Fargo & Company cut their target price on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group lifted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.13.

Xenia Hotels & Resorts Stock Up 1.7 %

Shares of NYSE:XHR opened at $12.70 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 55.20 and a beta of 1.47. The company has a 50 day moving average of $14.01 and a 200-day moving average of $14.61. Xenia Hotels & Resorts has a one year low of $12.04 and a one year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.34. The firm had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. On average, sell-side analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.41%. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

Institutional Trading of Xenia Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in Xenia Hotels & Resorts by 66.7% in the 3rd quarter. Victory Capital Management Inc. now owns 105,426 shares of the real estate investment trust’s stock valued at $1,557,000 after buying an additional 42,191 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Xenia Hotels & Resorts by 47.0% in the third quarter. Thrivent Financial for Lutherans now owns 198,545 shares of the real estate investment trust’s stock valued at $2,933,000 after buying an additional 63,490 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Xenia Hotels & Resorts in the third quarter valued at approximately $356,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Xenia Hotels & Resorts by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after acquiring an additional 59,212 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Xenia Hotels & Resorts by 4.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 1,415 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.