KeyCorp Cuts Xenia Hotels & Resorts (NYSE:XHR) Price Target to $16.00

Xenia Hotels & Resorts (NYSE:XHR) had its price objective lowered by KeyCorp from $17.00 to $16.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on XHR. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Wells Fargo & Company dropped their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lifted their price objective on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.13.

Xenia Hotels & Resorts Trading Down 0.9 %

NYSE XHR opened at $12.29 on Monday. The stock has a market cap of $1.25 billion, a PE ratio of 53.42 and a beta of 1.47. Xenia Hotels & Resorts has a 12 month low of $12.04 and a 12 month high of $16.50. The company’s 50-day moving average price is $13.91 and its 200-day moving average price is $14.59. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.34. The company had revenue of $261.80 million during the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Equities research analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.56%. The ex-dividend date is Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 373.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. GF Fund Management CO. LTD. purchased a new position in Xenia Hotels & Resorts in the fourth quarter valued at about $28,000. Loomis Sayles & Co. L P boosted its holdings in shares of Xenia Hotels & Resorts by 3,146.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,982 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $30,000. Finally, Fifth Third Bancorp lifted its position in Xenia Hotels & Resorts by 2,492.9% during the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,443 shares during the last quarter. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.