Xenia Hotels & Resorts, Inc. (NYSE:XHR) Given Average Recommendation of “Hold” by Analysts

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

XHR has been the subject of several recent research reports. Wolfe Research began coverage on Xenia Hotels & Resorts in a report on Wednesday, January 10th. They set a “peer perform” rating for the company. Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.00 to $18.00 in a report on Thursday, February 29th. KeyCorp boosted their price target on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. B. Riley restated a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Finally, StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its stake 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 during the last quarter. Nisa Investment Advisors LLC raised its position in Xenia Hotels & Resorts by 3.3% during 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 position in Xenia Hotels & Resorts during the third quarter worth about $750,000. Employees Retirement System of Texas purchased a new stake in shares of Xenia Hotels & Resorts in the third quarter valued at about $2,120,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Xenia Hotels & Resorts by 21.4% in the third 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 owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

NYSE XHR opened at $14.11 on Tuesday. The company has a market capitalization of $1.44 billion, a PE ratio of 83.00 and a beta of 1.45. Xenia Hotels & Resorts has a 1 year low of $10.90 and a 1 year high of $15.84. The company has a fifty day moving average of $14.70 and a two-hundred day moving average of $13.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. The company had revenue of $253.38 million for the quarter, compared to analysts’ expectations of $253.00 million. As a group, analysts expect that Xenia Hotels & Resorts will post 1.53 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.40%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. Xenia Hotels & Resorts’s dividend payout ratio is currently 282.35%.

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.