Xenia Hotels & Resorts Inc (XHR) Given Consensus Rating of “Hold” by Brokerages

Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.60.

XHR has been the topic of several research reports. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday, February 16th. Morgan Stanley downgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $22.00 to $17.00 in a report on Thursday, December 20th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Xenia Hotels & Resorts by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 1,788,735 shares of the real estate investment trust’s stock worth $30,766,000 after acquiring an additional 110,807 shares in the last quarter. Norges Bank bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth $23,694,000. Dimensional Fund Advisors LP grew its stake in shares of Xenia Hotels & Resorts by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,702,166 shares of the real estate investment trust’s stock worth $29,277,000 after acquiring an additional 23,236 shares in the last quarter. FMR LLC grew its stake in shares of Xenia Hotels & Resorts by 405.9% in the 4th quarter. FMR LLC now owns 115,503 shares of the real estate investment trust’s stock worth $1,987,000 after acquiring an additional 92,670 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. grew its stake in shares of Xenia Hotels & Resorts by 6.7% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 28,230 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 76.90% of the company’s stock.

Xenia Hotels & Resorts stock opened at $19.67 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.31 and a current ratio of 2.31. Xenia Hotels & Resorts has a 12-month low of $16.47 and a 12-month high of $25.90. The firm has a market cap of $2.21 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.93 and a beta of 1.13.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, February 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Xenia Hotels & Resorts had a net margin of 18.30% and a return on equity of 10.84%. The firm had revenue of $275.66 million for the quarter, compared to the consensus estimate of $269.26 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts expect that Xenia Hotels & Resorts will post 2.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.10 annualized dividend and a dividend yield of 5.59%.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,239 rooms, across 17 states and the District of Columbia.

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Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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