Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $15.70 Average PT from Analysts

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.70.

A number of analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. Wolfe Research began coverage on shares of Xenia Hotels & Resorts in a report on Wednesday, January 10th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st.

Xenia Hotels & Resorts Stock Performance

NYSE XHR opened at $14.90 on Tuesday. The company has a quick ratio of 2.50, a current ratio of 2.24 and a debt-to-equity ratio of 1.06. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 78.43 and a beta of 1.46. Xenia Hotels & Resorts has a fifty-two week low of $10.90 and a fifty-two week high of $15.84. The business has a fifty day moving average of $14.81 and a 200-day moving average of $13.54.

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

Xenia Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.12 per share. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 3.22%. Xenia Hotels & Resorts’s payout ratio is presently 252.64%.

Institutional Trading of Xenia Hotels & Resorts

Several large investors have recently added to or reduced their stakes in XHR. Daiwa Securities Group Inc. grew its stake in shares of Xenia Hotels & Resorts by 5.1% in the first quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 1,672 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Xenia Hotels & Resorts by 36.0% during the first quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock worth $823,000 after purchasing an additional 14,516 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of Xenia Hotels & Resorts in the first quarter valued at $168,000. Diversified Trust Co grew its holdings in Xenia Hotels & Resorts by 2.5% during the 1st quarter. Diversified Trust Co now owns 30,393 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 730 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Xenia Hotels & Resorts in the 1st quarter worth $380,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

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.