Xenia Hotels & Resorts (NYSE:XHR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Xenia Hotels & Resorts (NYSE:XHR) had its price target raised by Jefferies Financial Group from $18.00 to $20.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.63.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $14.84 on Thursday. The company has a market capitalization of $1.51 billion, a PE ratio of 64.52 and a beta of 1.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The company’s 50 day moving average price is $15.24 and its 200 day moving average price is $14.50. Xenia Hotels & Resorts has a 52 week low of $12.34 and a 52 week high of $16.50.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, December 31st. Xenia Hotels & Resorts’s payout ratio is presently 208.70%.

Institutional Trading of Xenia Hotels & Resorts

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Xenia Hotels & Resorts by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock worth $24,555,000 after purchasing an additional 40,807 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Xenia Hotels & Resorts by 4.1% in the third quarter. Franklin Resources Inc. now owns 78,864 shares of the real estate investment trust’s stock valued at $1,173,000 after purchasing an additional 3,101 shares during the period. Geode Capital Management LLC lifted its stake in shares of Xenia Hotels & Resorts by 2.3% in 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 buying an additional 60,323 shares during the last quarter. Barclays PLC boosted its holdings in shares of 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 buying an additional 129,328 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Xenia Hotels & Resorts by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust’s stock worth $3,776,000 after buying an additional 962 shares during the period. Institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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.