Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) PT at $13.50

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $13.50.

A number of research analysts have issued reports on XHR shares. Wells Fargo & Company reduced their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Morgan Stanley cut their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday. KeyCorp dropped their price target on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Finally, Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Metis Global Partners LLC lifted its position in Xenia Hotels & Resorts by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 1,194 shares during the period. Asset Management One Co. Ltd. lifted its position in Xenia Hotels & Resorts by 0.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust’s stock valued at $1,808,000 after purchasing an additional 1,204 shares during the period. IFP Advisors Inc grew its stake in shares of Xenia Hotels & Resorts by 16.5% during the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,250 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Xenia Hotels & Resorts by 4.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 31,900 shares of the real estate investment trust’s stock valued at $375,000 after purchasing an additional 1,327 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Xenia Hotels & Resorts by 12.0% during the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 1,338 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Price Performance

XHR opened at $10.43 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $11.86 and its 200 day moving average price is $13.93. Xenia Hotels & Resorts has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 45.35 and a beta of 1.38.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. As a group, sell-side analysts expect that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s payout ratio is currently 373.33%.

About Xenia Hotels & Resorts

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.