Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $15.30.

Several brokerages recently issued reports on XHR. B. Riley lowered their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company raised Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $16.00 to $15.00 in a research note on Friday, September 13th.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock opened at $14.76 on Friday. The business has a 50 day moving average of $13.80 and a 200-day moving average of $14.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 2.26. Xenia Hotels & Resorts has a 1 year low of $10.92 and a 1 year high of $15.84. The company has a market capitalization of $1.50 billion, a P/E ratio of 77.68 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). The business had revenue of $272.90 million during the quarter, compared to analyst estimates of $275.66 million. Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. On average, equities research analysts predict that Xenia Hotels & Resorts will post 1.54 earnings per share for the current year.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 3.25%. Xenia Hotels & Resorts’s payout ratio is 252.63%.

Institutional Trading of Xenia Hotels & Resorts

A number of large investors have recently bought and sold shares of XHR. Meeder Asset Management Inc. acquired a new position in shares of Xenia Hotels & Resorts in the 2nd quarter valued at about $25,000. VitalStone Financial LLC lifted its stake in Xenia Hotels & Resorts by 54.4% in the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 875 shares during the period. EntryPoint Capital LLC bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter worth approximately $135,000. Algert Global LLC bought a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $147,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the 1st quarter worth approximately $164,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

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.