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

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.50.

XHR has been the topic of a number of recent research reports. Jefferies Financial Group cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Morgan Stanley lowered their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. KeyCorp reduced their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, March 24th. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Finally, Wells Fargo & Company lowered their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th.

Xenia Hotels & Resorts Stock Down 1.3%

XHR stock opened at $12.14 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 52.78 and a beta of 1.60. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The business’s 50-day moving average is $11.18 and its two-hundred day moving average is $13.54. Xenia Hotels & Resorts has a fifty-two week low of $8.55 and a fifty-two week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. The firm had revenue of $288.93 million for the quarter, compared to analysts’ expectations of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. As a group, analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.14 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.61%. Xenia Hotels & Resorts’s dividend payout ratio is currently 254.55%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in XHR. GF Fund Management CO. LTD. purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth $28,000. Smartleaf Asset Management LLC increased its stake in Xenia Hotels & Resorts by 500.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Xenia Hotels & Resorts during the fourth quarter valued at approximately $30,000. Fifth Third Bancorp lifted its stake in shares of Xenia Hotels & Resorts by 2,492.9% in the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,443 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Xenia Hotels & Resorts by 231.4% in the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,798 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.