Xenia Hotels & Resorts (NYSE:XHR) Stock Bumped Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently issued reports on XHR. BMO Capital Markets downgraded shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and cut their target price for the company from $22.00 to $20.50 in a research note on Tuesday, September 1st. Weiss Ratings upgraded Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Finally, Wells Fargo & Company raised their target price on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.12.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock opened at $21.38 on Friday. Xenia Hotels & Resorts has a fifty-two week low of $12.86 and a fifty-two week high of $22.06. The firm’s 50 day simple moving average is $18.78 and its 200-day simple moving average is $17.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.35 and a quick ratio of 2.47. The company has a market cap of $1.97 billion, a P/E ratio of 534.53 and a beta of 1.19.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. The business had revenue of $263.83 million during the quarter, compared to the consensus estimate of $256.91 million. Xenia Hotels & Resorts had a net margin of 0.34% and a return on equity of 0.33%. 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 $0.23 EPS. As a group, equities research analysts predict that Xenia Hotels & Resorts will post 1.89 EPS for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.14 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. Xenia Hotels & Resorts’s payout ratio is 1,400.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at $348,760,000. Arrowstreet Capital Limited Partnership boosted its holdings in Xenia Hotels & Resorts by 4.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,677,259 shares of the real estate investment trust’s stock worth $39,704,000 after purchasing an additional 121,052 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Xenia Hotels & Resorts by 26.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,336,404 shares of the real estate investment trust’s stock worth $42,219,000 after buying an additional 487,999 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Xenia Hotels & Resorts by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,340,418 shares of the real estate investment trust’s stock worth $19,878,000 after buying an additional 8,858 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Xenia Hotels & Resorts during the second quarter worth $19,560,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia’s properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company’s portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.