Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.38.

A number of brokerages have recently commented on XHR. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. B. Riley cut their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of Xenia Hotels & Resorts in the second quarter valued at $25,000. Loomis Sayles & Co. L P increased its holdings in shares of Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,982 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,023 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Xenia Hotels & Resorts in the first quarter valued at $135,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 9,394 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Down 1.5 %

Xenia Hotels & Resorts stock opened at $14.77 on Friday. The stock has a market capitalization of $1.50 billion, a PE ratio of 64.22 and a beta of 1.51. Xenia Hotels & Resorts has a twelve month low of $12.05 and a twelve month high of $15.84. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $14.66 and a 200-day moving average of $14.26.

Xenia Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 208.70%.

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.