B. Riley Brokers Decrease Earnings Estimates for XHR

Xenia Hotels & Resorts, Inc. (NYSE:XHR) – Stock analysts at B. Riley lowered their Q4 2024 earnings per share estimates for shares of Xenia Hotels & Resorts in a report issued on Wednesday, November 13th. B. Riley analyst B. Maher now expects that the real estate investment trust will earn $0.38 per share for the quarter, down from their previous forecast of $0.41. B. Riley currently has a “Neutral” rating and a $15.50 price target on the stock. The consensus estimate for Xenia Hotels & Resorts’ current full-year earnings is $1.46 per share.

Several other research analysts have also weighed in on the stock. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.38.

Xenia Hotels & Resorts Stock Down 1.5 %

Shares of NYSE:XHR opened at $14.77 on Monday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $14.66 and a two-hundred day moving average of $14.26. Xenia Hotels & Resorts has a 52-week low of $12.05 and a 52-week high of $15.84. The stock has a market cap of $1.50 billion, a P/E ratio of 64.22 and a beta of 1.51.

Xenia Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 3.25%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its stake in Xenia Hotels & Resorts by 0.4% during 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 period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 last quarter. ProShare Advisors LLC lifted its stake in Xenia Hotels & Resorts by 5.7% during the first quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,143 shares during the last quarter. MML Investors Services LLC grew its position in Xenia Hotels & Resorts by 12.0% in the third quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,338 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Xenia Hotels & Resorts by 4.4% in the third quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 1,415 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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.