Xenia Hotels & Resorts (NYSE:XHR) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

XHR has been the topic of several other research reports. KeyCorp boosted their target price on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $21.00 price target on shares of Xenia Hotels & Resorts in a research note on Friday, June 12th. Finally, Weiss Ratings upgraded shares of Xenia Hotels & Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $20.25.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $21.49 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 30.70 and a beta of 1.14. The stock’s 50-day moving average is $19.29 and its 200-day moving average is $16.75. Xenia Hotels & Resorts has a one year low of $11.75 and a one year high of $21.66.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Friday, May 1st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $295.41 million during the quarter, compared to the consensus estimate of $291.33 million. Xenia Hotels & Resorts had a return on equity of 5.53% and a net margin of 6.20%.Xenia Hotels & Resorts’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.860-2.020 EPS. Equities analysts predict that Xenia Hotels & Resorts will post 1.81 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. Xenia Hotels & Resorts’s payout ratio is currently 80.00%.

Insider Activity

In related news, insider Atish Shah sold 120,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $17.00, for a total transaction of $2,040,000.00. Following the sale, the insider owned 250,805 shares in the company, valued at approximately $4,263,685. This represents a 32.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Xenia Hotels & Resorts by 18.9% during the 1st quarter. Royal Bank of Canada now owns 31,100 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 4,950 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Xenia Hotels & Resorts by 75.0% in the first quarter. AQR Capital Management LLC now owns 39,894 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 17,097 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Xenia Hotels & Resorts by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,617 shares of the real estate investment trust’s stock valued at $713,000 after buying an additional 2,633 shares in the last quarter. Jane Street Group LLC increased its holdings in Xenia Hotels & Resorts by 85.0% during the first quarter. Jane Street Group LLC now owns 93,661 shares of the real estate investment trust’s stock worth $1,101,000 after buying an additional 43,026 shares during the last quarter. Finally, Creative Planning acquired a new position in Xenia Hotels & Resorts during the second quarter worth $230,000. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.