Xenia Hotels & Resorts (NYSE:XHR) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Other equities research analysts also recently issued reports about the stock. B. Riley reissued a neutral rating and issued a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. KeyCorp lifted their price target on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an overweight rating in a research report on Friday, April 5th. Wells Fargo & Company upped their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an equal weight rating in a report on Thursday, March 21st. Wolfe Research assumed coverage on Xenia Hotels & Resorts in a report on Wednesday, January 10th. They set a peer perform rating for the company. Finally, Jefferies Financial Group raised Xenia Hotels & Resorts from a hold rating to a buy rating and lifted their price objective for the company from $14.00 to $18.00 in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Xenia Hotels & Resorts currently has an average rating of Hold and an average target price of $15.70.

Xenia Hotels & Resorts Stock Down 0.5 %

Shares of XHR opened at $14.90 on Friday. The stock’s 50 day moving average is $14.81 and its two-hundred day moving average is $13.54. Xenia Hotels & Resorts has a 12 month low of $10.90 and a 12 month high of $15.84. The firm has a market cap of $1.52 billion, a P/E ratio of 78.43 and a beta of 1.46. The company has a current ratio of 2.24, a quick ratio of 2.50 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. The business had revenue of $253.38 million for the quarter, compared to analysts’ expectations of $253.00 million. Analysts predict that Xenia Hotels & Resorts will post 1.53 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 252.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. VitalStone Financial LLC lifted its stake in shares of Xenia Hotels & Resorts by 54.4% in the 4th quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 875 shares in the last quarter. Principal Securities Inc. purchased a new stake in Xenia Hotels & Resorts during the fourth quarter worth approximately $64,000. International Assets Investment Management LLC raised its stake in shares of Xenia Hotels & Resorts by 1,274.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 4,561 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at $74,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Xenia Hotels & Resorts by 10.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,092 shares in 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 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.