Xenia Hotels & Resorts (NYSE:XHR) Given New $20.00 Price Target at Jefferies Financial Group

Xenia Hotels & Resorts (NYSE:XHR) had its target price hoisted by Jefferies Financial Group from $18.00 to $20.00 in a research note issued to investors on Thursday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company increased their price objective on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

Xenia Hotels & Resorts Trading Down 0.7 %

Shares of XHR opened at $14.75 on Thursday. 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 firm has a 50 day simple moving average of $15.24 and a 200-day simple moving average of $14.50. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 64.13 and a beta of 1.52. Xenia Hotels & Resorts has a 1-year low of $12.34 and a 1-year high of $16.50.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.25%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Xenia Hotels & Resorts by 370.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after buying an additional 566,144 shares during the period. Wellington Management Group LLP grew its position in Xenia Hotels & Resorts by 5.0% during the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after acquiring an additional 465,141 shares during the period. Federated Hermes Inc. raised its holdings in shares of Xenia Hotels & Resorts by 179,814.4% in the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after purchasing an additional 350,638 shares during the period. SG Americas Securities LLC purchased a new position in shares of Xenia Hotels & Resorts in the 3rd quarter worth about $4,504,000. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Xenia Hotels & Resorts by 1,602.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock valued at $4,422,000 after purchasing an additional 290,469 shares in the last quarter. Institutional investors and hedge funds 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.