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

Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) have received an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.60.

Several brokerages recently commented on XHR. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their price target for the company from $26.00 to $22.00 in a research report on Thursday, October 17th. They noted that the move was a valuation call. Finally, BMO Capital Markets restated a “hold” rating and issued a $21.00 price target on shares of Xenia Hotels & Resorts in a research report on Monday, November 4th.

A number of hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its position in Xenia Hotels & Resorts by 11.8% in the 2nd quarter. CWM LLC now owns 4,925 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 520 shares in the last quarter. Harvest Investment Services LLC lifted its position in Xenia Hotels & Resorts by 2.6% in the 3rd quarter. Harvest Investment Services LLC now owns 23,323 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 582 shares in the last quarter. Mason Street Advisors LLC lifted its position in Xenia Hotels & Resorts by 1.7% in the 3rd quarter. Mason Street Advisors LLC now owns 38,248 shares of the real estate investment trust’s stock worth $808,000 after buying an additional 648 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Xenia Hotels & Resorts by 0.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 78,111 shares of the real estate investment trust’s stock worth $1,628,000 after buying an additional 700 shares in the last quarter. Finally, Profund Advisors LLC lifted its position in Xenia Hotels & Resorts by 4.6% in the 2nd quarter. Profund Advisors LLC now owns 16,822 shares of the real estate investment trust’s stock worth $351,000 after buying an additional 740 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Shares of NYSE:XHR traded down $0.35 during mid-day trading on Friday, hitting $21.17. The stock had a trading volume of 368,200 shares, compared to its average volume of 749,761. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.26 and a current ratio of 2.26. The company has a market cap of $2.42 billion, a PE ratio of 9.54, a P/E/G ratio of 2.06 and a beta of 1.02. Xenia Hotels & Resorts has a 12-month low of $16.47 and a 12-month high of $23.33. The company’s 50 day moving average is $21.14 and its 200-day moving average is $21.03.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The business had revenue of $268.90 million during the quarter, compared to the consensus estimate of $260.97 million. Xenia Hotels & Resorts had a net margin of 12.23% and a return on equity of 7.90%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities research analysts predict that Xenia Hotels & Resorts will post 2.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.275 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.10 annualized dividend and a dividend yield of 5.20%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 49.55%.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

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Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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