Xenia Hotels & Resorts (NYSE:XHR) Given New $18.00 Price Target at Wells Fargo & Company

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

Separately, StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One investment 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, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $17.13.

Xenia Hotels & Resorts Trading Up 0.8 %

Shares of NYSE XHR opened at $16.21 on Monday. The company has a market cap of $1.65 billion, a PE ratio of 70.48 and a beta of 1.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The firm’s 50 day moving average price is $15.03 and its 200-day moving average price is $14.36. Xenia Hotels & Resorts has a 52-week low of $12.34 and a 52-week high of $16.31.

Xenia Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.96%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 208.70%.

Institutional Trading of Xenia Hotels & Resorts

A number of hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Xenia Hotels & Resorts in the second quarter worth approximately $25,000. Loomis Sayles & Co. L P increased its stake in shares of Xenia Hotels & Resorts by 3,146.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Xenia Hotels & Resorts by 34.9% in 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 period. International Assets Investment Management LLC raised its holdings in 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 worth $144,000 after purchasing an additional 9,394 shares during the period. Finally, Algert Global LLC purchased a new position in Xenia Hotels & Resorts during the second quarter valued at $147,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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.