Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $16.38 Average Target Price from Analysts

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.38.

XHR has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $16.00 to $15.00 in a report on Friday, September 13th. Finally, B. Riley dropped their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in shares of Xenia Hotels & Resorts by 36.0% during the 1st quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock worth $823,000 after buying an additional 14,516 shares during the period. Russell Investments Group Ltd. raised its stake in Xenia Hotels & Resorts by 54.5% in the 1st quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock valued at $2,068,000 after purchasing an additional 48,576 shares during the last quarter. ProShare Advisors LLC raised its stake in Xenia Hotels & Resorts by 5.7% in the 1st 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. State Board of Administration of Florida Retirement System raised its stake in Xenia Hotels & Resorts by 24.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 39,695 shares of the real estate investment trust’s stock valued at $596,000 after purchasing an additional 7,870 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in Xenia Hotels & Resorts in the 1st quarter valued at $164,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $14.77 on Friday. The company’s fifty day simple moving average is $14.66 and its 200-day simple moving average is $14.26. The company has a market cap of $1.50 billion, a P/E ratio of 64.39 and a beta of 1.51. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts has a twelve month low of $12.05 and a twelve month high of $15.84.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. Xenia Hotels & Resorts’s dividend payout ratio is currently 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.