Xenia Hotels & Resorts (NYSE:XHR) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Xenia Hotels & Resorts (NYSE:XHR) from a buy rating to a hold rating in a research report released on Sunday.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company raised shares of Xenia Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. BMO Capital Markets upped their price target on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.20.

Xenia Hotels & Resorts Stock Performance

Shares of XHR traded up $0.27 during trading hours on Friday, hitting $13.86. The company’s stock had a trading volume of 1,018,998 shares, compared to its average volume of 929,723. Xenia Hotels & Resorts has a 52-week low of $8.55 and a 52-week high of $16.50. The business has a 50 day simple moving average of $13.62 and a two-hundred day simple moving average of $12.90. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 21.99 and a beta of 1.71.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.39. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The company had revenue of $236.42 million for the quarter, compared to analyst estimates of $236.16 million. During the same period in the previous year, the company posted $0.25 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. On average, equities analysts expect that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.14 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.56 annualized dividend and a dividend yield of 4.0%. Xenia Hotels & Resorts’s payout ratio is currently 100.00%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of large investors have recently added to or reduced their stakes in XHR. Vanguard Group Inc. boosted its stake in shares of Xenia Hotels & Resorts by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,267,751 shares of the real estate investment trust’s stock worth $236,914,000 after buying an additional 555,195 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Xenia Hotels & Resorts by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,276,448 shares of the real estate investment trust’s stock valued at $31,233,000 after purchasing an additional 79,685 shares during the period. Aberdeen Group plc increased its position in shares of Xenia Hotels & Resorts by 13.8% during the 3rd quarter. Aberdeen Group plc now owns 35,432 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 4,304 shares during the last quarter. Metis Global Partners LLC increased its holdings in Xenia Hotels & Resorts by 36.6% during the third quarter. Metis Global Partners LLC now owns 22,259 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 5,968 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in Xenia Hotels & Resorts by 31.5% in the third quarter. Public Sector Pension Investment Board now owns 442,540 shares of the real estate investment trust’s stock worth $6,072,000 after acquiring an additional 106,011 shares during the period. Institutional investors 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 provision of investment in 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.