Xenia Hotels & Resorts, Inc. (NYSE:XHR) Given Average Recommendation of “Hold” by Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.70.

A number of brokerages have recently issued reports on XHR. B. Riley reaffirmed a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Wells Fargo & Company upped their price target on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Wolfe Research started coverage on Xenia Hotels & Resorts in a research note 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 increased their price target for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. Finally, StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 11th.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $14.11 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.50 and a current ratio of 2.50. The company has a 50 day moving average price of $14.70 and a 200-day moving average price of $13.45. Xenia Hotels & Resorts has a fifty-two week low of $10.90 and a fifty-two week high of $15.84. The stock has a market capitalization of $1.44 billion, a PE ratio of 83.00 and a beta of 1.45.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $253.38 million for the quarter, compared to the consensus estimate of $253.00 million. Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. Equities analysts predict that Xenia Hotels & Resorts will post 1.53 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.12 per share. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.40%. Xenia Hotels & Resorts’s payout ratio is 282.35%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently bought and sold shares of the business. VitalStone Financial LLC increased its stake in shares of Xenia Hotels & Resorts by 54.4% in the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 875 shares during the period. Principal Securities Inc. purchased a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at about $64,000. International Assets Investment Management LLC raised its stake in shares of Xenia Hotels & Resorts by 1,274.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 4,561 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at about $74,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Xenia Hotels & Resorts by 10.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 1,092 shares during the last quarter. 92.43% of the stock is 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.