Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $17.63 Average PT from Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.63.

XHR has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted 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. Jefferies Financial Group increased their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday.

Xenia Hotels & Resorts Stock Down 1.9 %

Shares of XHR opened at $14.68 on Friday. The company has a market capitalization of $1.49 billion, a PE ratio of 63.83 and a beta of 1.51. The stock’s 50-day moving average price is $15.25 and its two-hundred day moving average price is $14.51. 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 12 month low of $12.34 and a 12 month high of $16.50.

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.27%. Xenia Hotels & Resorts’s payout ratio is currently 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $25,000. Loomis Sayles & Co. L P grew its position in Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,982 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,023 shares during the period. International Assets Investment Management LLC increased its stake in shares of Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 9,394 shares during the period. Finally, Algert Global LLC purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at $147,000. 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.