Xenia Hotels & Resorts (NYSE:XHR) Shares Up 8.2%

Xenia Hotels & Resorts, Inc. (NYSE:XHR) shares rose 8.2% on Friday . The company traded as high as $15.23 and last traded at $15.14. Approximately 177,656 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 817,285 shares. The stock had previously closed at $13.99.

Analysts Set New Price Targets

XHR has been the subject of several recent analyst reports. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Wolfe Research initiated coverage on Xenia Hotels & Resorts in a report on Wednesday, January 10th. They set a “peer perform” rating on the stock. B. Riley reissued a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. KeyCorp upped their target price on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company raised 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 report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.70.

Xenia Hotels & Resorts Stock Up 7.0 %

The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 89.59 and a beta of 1.46. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.50 and a current ratio of 2.50. The business’s 50 day moving average is $14.74 and its 200-day moving average is $13.48.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.75% and a net margin of 1.87%. The business had revenue of $253.38 million during the quarter, compared to the consensus estimate of $253.00 million. Equities analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.53 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.12 dividend. This is an increase 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 3.21%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 282.35%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its position in 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 grew its position in Xenia Hotels & Resorts by 36.0% during the 1st quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock worth $823,000 after acquiring an additional 14,516 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in Xenia Hotels & Resorts in the 1st quarter valued at $168,000. Diversified Trust Co boosted its stake in Xenia Hotels & Resorts by 2.5% in the first quarter. Diversified Trust Co now owns 30,393 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 730 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Xenia Hotels & Resorts during the first quarter worth $380,000. 92.43% of the stock is 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.