Analysts Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) Price Target at $15.30

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.30.

Several brokerages recently issued reports on XHR. B. Riley reduced their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $16.00 to $15.00 in a report on Friday, September 13th.

Xenia Hotels & Resorts Price Performance

Shares of XHR stock opened at $14.59 on Tuesday. Xenia Hotels & Resorts has a twelve month low of $10.92 and a twelve month high of $15.84. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $14.30 and a two-hundred day simple moving average of $14.23. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 66.32 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The business had revenue of $272.90 million for the quarter, compared to the consensus estimate of $275.66 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, analysts predict that Xenia Hotels & Resorts will post 1.54 EPS for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.29%. The ex-dividend date was Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio is currently 218.18%.

Institutional Trading of Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in Xenia Hotels & Resorts by 54.5% during the 1st quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock worth $2,068,000 after buying an additional 48,576 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Xenia Hotels & Resorts by 182.7% during the second quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock valued at $906,000 after acquiring an additional 40,868 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Xenia Hotels & Resorts in the 2nd quarter valued at approximately $2,345,000. Federated Hermes Inc. raised its position 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 valued at $5,027,000 after purchasing an additional 350,638 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Xenia Hotels & Resorts by 36.0% in the 1st quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock worth $823,000 after purchasing an additional 14,516 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

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.