Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been assigned an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $15.70.

A number of brokerages recently weighed in on XHR. StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Jefferies Financial Group raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $18.00 in a report on Thursday, February 29th. B. Riley reiterated a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. Wells Fargo & Company lifted their target price 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. Finally, KeyCorp raised their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th.

Xenia Hotels & Resorts Trading Up 2.3 %

Shares of NYSE:XHR opened at $14.49 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of 76.27 and a beta of 1.46. The company’s 50-day moving average price is $14.59 and its two-hundred day moving average price is $13.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.24 and a quick ratio of 2.24. Xenia Hotels & Resorts has a one year low of $10.90 and a one year high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). The company had revenue of $267.49 million for the quarter, compared to analyst estimates of $258.80 million. Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.58%. On average, equities analysts forecast that Xenia Hotels & Resorts will post 1.55 EPS for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.31%. Xenia Hotels & Resorts’s dividend payout ratio is 252.64%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XHR. Wellington Management Group LLP raised its holdings in shares of Xenia Hotels & Resorts by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,858,393 shares of the real estate investment trust’s stock worth $116,132,000 after buying an additional 435,427 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Xenia Hotels & Resorts by 3.3% in the third quarter. Nisa Investment Advisors LLC now owns 48,626 shares of the real estate investment trust’s stock worth $573,000 after acquiring an additional 1,551 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of Xenia Hotels & Resorts in the 3rd quarter valued at approximately $750,000. Employees Retirement System of Texas acquired a new position in Xenia Hotels & Resorts during the 3rd quarter worth approximately $2,120,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Xenia Hotels & Resorts by 21.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 275,811 shares of the real estate investment trust’s stock valued at $3,249,000 after purchasing an additional 48,657 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

About Xenia Hotels & Resorts

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.