Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) Price Target at $15.70

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $15.70.

Several research firms have weighed in on XHR. Jefferies Financial Group upgraded 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. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday. Wolfe Research started coverage on Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They set a “peer perform” rating for the company. B. Riley reaffirmed a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Finally, Wells Fargo & Company lifted their price target on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a report on Thursday, March 21st.

Xenia Hotels & Resorts Stock Up 7.0 %

Xenia Hotels & Resorts stock opened at $14.97 on Tuesday. Xenia Hotels & Resorts has a 52 week low of $10.90 and a 52 week high of $15.84. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 78.79 and a beta of 1.46. The company’s 50-day moving average price is $14.78 and its two-hundred day moving average price is $13.51. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The business had revenue of $253.38 million during the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.57%. On average, analysts expect that Xenia Hotels & Resorts 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. Investors of record on Thursday, March 28th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.21%. Xenia Hotels & Resorts’s payout ratio is 252.63%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. VitalStone Financial LLC increased its holdings in Xenia Hotels & Resorts by 54.4% during the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 875 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter valued at about $64,000. International Assets Investment Management LLC lifted its stake in Xenia Hotels & Resorts by 1,274.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 4,561 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Xenia Hotels & Resorts in the 4th quarter valued at about $74,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Xenia Hotels & Resorts by 10.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,092 shares during the period. 92.43% of the stock is currently 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.