Xenia Hotels & Resorts (NYSE:XHR) Stock Price Up 5.6% After Dividend Announcement

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating) rose 5.6% during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $15.66 and last traded at $15.40. Approximately 4,206 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 584,119 shares. The stock had previously closed at $14.59.

The newly announced dividend which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, December 29th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently -1,999.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on XHR shares. B. Riley decreased their price objective on shares of Xenia Hotels & Resorts from $22.00 to $20.00 in a report on Wednesday, November 9th. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their target price for the company from $22.00 to $17.00 in a research note on Thursday, November 3rd. Wells Fargo & Company reduced their price objective on shares of Xenia Hotels & Resorts from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, August 29th. Finally, StockNews.com started coverage on shares of Xenia Hotels & Resorts in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Xenia Hotels & Resorts Stock Up 3.8 %

The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -756.62 and a beta of 1.51. The stock’s fifty day moving average price is $15.25 and its 200-day moving average price is $16.12.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last issued its earnings results on Wednesday, November 2nd. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.34). The firm had revenue of $240.67 million for the quarter, compared to analyst estimates of $251.15 million. Xenia Hotels & Resorts had a negative return on equity of 0.16% and a negative net margin of 0.24%. On average, sell-side analysts predict that Xenia Hotels & Resorts, Inc. will post 1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its position in Xenia Hotels & Resorts by 15.7% during the first quarter. Comerica Bank now owns 98,054 shares of the real estate investment trust’s stock worth $1,938,000 after purchasing an additional 13,282 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Xenia Hotels & Resorts by 3.2% in the first quarter. Daiwa Securities Group Inc. now owns 34,004 shares of the real estate investment trust’s stock valued at $656,000 after acquiring an additional 1,045 shares during the period. SG Americas Securities LLC boosted its position in shares of Xenia Hotels & Resorts by 354.3% in the first quarter. SG Americas Securities LLC now owns 94,532 shares of the real estate investment trust’s stock valued at $1,824,000 after acquiring an additional 73,723 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Xenia Hotels & Resorts by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $317,000 after acquiring an additional 854 shares during the period. Finally, abrdn plc boosted its position in shares of Xenia Hotels & Resorts by 3.2% in the first quarter. abrdn plc now owns 25,280 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 794 shares during the period. 87.89% of the stock is currently owned by institutional investors and hedge funds.

About Xenia Hotels & Resorts

(Get Rating)

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 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states.

Recommended Stories

Receive News & Ratings for Xenia Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.