Xenia Hotels & Resorts (NYSE:XHR) Price Target Cut to $16.00 by Analysts at KeyCorp

Xenia Hotels & Resorts (NYSE:XHR) had its price objective reduced by KeyCorp from $17.00 to $16.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on XHR. Jefferies Financial Group boosted their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company decreased their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.13.

Xenia Hotels & Resorts Stock Performance

XHR opened at $12.70 on Monday. Xenia Hotels & Resorts has a 12-month low of $12.04 and a 12-month high of $16.50. The firm has a market capitalization of $1.29 billion, a P/E ratio of 55.20 and a beta of 1.47. The stock’s 50 day moving average price is $14.01 and its two-hundred day moving average price is $14.61. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Xenia Hotels & Resorts’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.14 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 4.41%. Xenia Hotels & Resorts’s payout ratio is 373.33%.

Institutional Trading of Xenia Hotels & Resorts

Several hedge funds have recently modified their holdings of XHR. Alyeska Investment Group L.P. grew its position in Xenia Hotels & Resorts by 258.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust’s stock worth $24,599,000 after acquiring an additional 1,193,990 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $15,982,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Xenia Hotels & Resorts by 370.5% in the third 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 in the last quarter. Invesco Ltd. increased its stake in shares of Xenia Hotels & Resorts by 73.5% in the fourth quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust’s stock valued at $16,743,000 after buying an additional 477,231 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Xenia Hotels & Resorts by 5.0% in 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 buying an additional 465,141 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.