Xenia Hotels & Resorts (NYSE:XHR) Sets New 52-Week High Following Analyst Upgrade

Xenia Hotels & Resorts, Inc. (NYSE:XHR)’s share price reached a new 52-week high during mid-day trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $17.00 to $18.00. Wells Fargo & Company currently has an overweight rating on the stock. Xenia Hotels & Resorts traded as high as $16.34 and last traded at $16.31, with a volume of 58245 shares. The stock had previously closed at $16.21.

Separately, StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.13.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently bought and sold shares of XHR. Franklin Resources Inc. raised its position in shares of Xenia Hotels & Resorts by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 78,864 shares of the real estate investment trust’s stock valued at $1,173,000 after buying an additional 3,101 shares during the period. Geode Capital Management LLC raised its position in Xenia Hotels & Resorts by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after purchasing an additional 60,323 shares during the period. Barclays PLC lifted its stake in shares of Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock valued at $2,555,000 after purchasing an additional 129,328 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Xenia Hotels & Resorts by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust’s stock valued at $3,776,000 after purchasing an additional 962 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Xenia Hotels & Resorts by 12.0% during the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,338 shares during the period. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Up 0.9 %

The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 71.09 and a beta of 1.52. The business has a 50-day moving average of $15.06 and a 200-day moving average of $14.38. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

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.