Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been given an average rating of “Moderate Buy” by the four ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.63.

A number of equities research analysts have commented on XHR shares. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group lifted 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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XHR. Geode Capital Management LLC grew its position in shares of Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after acquiring an additional 60,323 shares during the last quarter. Barclays PLC grew its position in Xenia Hotels & Resorts by 295.7% during the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock worth $2,555,000 after purchasing an additional 129,328 shares during the last quarter. Victory Capital Management Inc. increased its stake in Xenia Hotels & Resorts by 182.7% in 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 purchasing an additional 40,868 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Xenia Hotels & Resorts by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock valued at $34,443,000 after buying an additional 59,212 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Xenia Hotels & Resorts by 179,814.4% during the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after buying an additional 350,638 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Up 0.1 %

XHR stock opened at $14.67 on Friday. The company’s 50 day moving average price is $15.25 and its 200 day moving average price is $14.51. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 63.79 and a beta of 1.51. Xenia Hotels & Resorts has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Xenia Hotels & Resorts Announces Dividend

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

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.