Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Average Rating of “Hold” from Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned an average recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.50.

A number of analysts recently weighed in on XHR shares. KeyCorp reduced their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, March 24th. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Wells Fargo & Company cut their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its position in shares of Xenia Hotels & Resorts by 8.2% during the 1st quarter. QRG Capital Management Inc. now owns 19,963 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 1,518 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Xenia Hotels & Resorts by 11.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,631 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 1,943 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Xenia Hotels & Resorts by 1,623.5% during the first quarter. GAMMA Investing LLC now owns 19,475 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 18,345 shares during the last quarter. Employees Retirement System of Texas acquired a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $2,601,000. Finally, GF Fund Management CO. LTD. bought a new position in Xenia Hotels & Resorts in the 4th quarter valued at approximately $28,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock traded down $0.07 during mid-day trading on Tuesday, hitting $9.82. 62,971 shares of the company’s stock traded hands, compared to its average volume of 794,864. Xenia Hotels & Resorts has a one year low of $8.55 and a one year high of $16.50. The company has a market cap of $996.10 million, a PE ratio of 42.69 and a beta of 1.38. The firm has a 50 day moving average price of $12.12 and a 200 day moving average price of $14.01. 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 posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating 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 last year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s payout ratio is presently 373.33%.

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.