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

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.60.

Several analysts have weighed in on the stock. B. Riley dropped their target price on shares of Xenia Hotels & Resorts from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, August 14th. Wells Fargo & Company dropped their target price on shares of Xenia Hotels & Resorts from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, August 7th. StockNews.com started coverage on shares of Xenia Hotels & Resorts in a research note on Thursday, October 5th. They set a “sell” rating for the company. Finally, Morgan Stanley decreased their price objective on shares of Xenia Hotels & Resorts from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 25th.

Xenia Hotels & Resorts Stock Down 1.8 %

NYSE:XHR opened at $12.17 on Tuesday. The company has a market cap of $1.30 billion, a PE ratio of 29.67 and a beta of 1.45. Xenia Hotels & Resorts has a twelve month low of $10.90 and a twelve month high of $16.10. The company has a current ratio of 2.94, a quick ratio of 3.50 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $11.79 and its two-hundred day moving average is $12.12.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, September 28th. Xenia Hotels & Resorts’s dividend payout ratio is currently 97.56%.

Institutional Trading of Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XHR. Norges Bank acquired a new stake in Xenia Hotels & Resorts during the fourth quarter valued at $18,408,000. Centersquare Investment Management LLC grew its position in Xenia Hotels & Resorts by 20.1% during the first quarter. Centersquare Investment Management LLC now owns 5,929,628 shares of the real estate investment trust’s stock valued at $114,382,000 after buying an additional 993,790 shares during the period. State Street Corp grew its position in Xenia Hotels & Resorts by 12.8% during the first quarter. State Street Corp now owns 7,303,386 shares of the real estate investment trust’s stock valued at $140,882,000 after buying an additional 828,429 shares during the period. JPMorgan Chase & Co. grew its position in Xenia Hotels & Resorts by 42.6% during the second quarter. JPMorgan Chase & Co. now owns 2,441,479 shares of the real estate investment trust’s stock valued at $30,055,000 after buying an additional 729,550 shares during the period. Finally, Macquarie Group Ltd. grew its position in Xenia Hotels & Resorts by 570.9% during the first quarter. Macquarie Group Ltd. now owns 765,377 shares of the real estate investment trust’s stock valued at $10,012,000 after buying an additional 651,287 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

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.