Analysts Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) Target Price at $15.30

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been given an average rating of “Hold” by the six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.30.

XHR has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. B. Riley reduced their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XHR. Norges Bank bought a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at approximately $9,787,000. Federated Hermes Inc. boosted its position in Xenia Hotels & Resorts by 179,814.4% in the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after buying an additional 350,638 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Xenia Hotels & Resorts by 1,602.7% during the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock worth $4,422,000 after buying an additional 290,469 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Xenia Hotels & Resorts by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock worth $138,067,000 after buying an additional 278,686 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth $3,405,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

NYSE XHR opened at $14.76 on Friday. The firm has a 50-day moving average price of $13.80 and a two-hundred day moving average price of $14.24. Xenia Hotels & Resorts has a 12-month low of $10.92 and a 12-month high of $15.84. The company has a market capitalization of $1.50 billion, a P/E ratio of 77.68 and a beta of 1.51. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The company had revenue of $272.90 million during the quarter, compared to the consensus estimate of $275.66 million. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts anticipate that Xenia Hotels & Resorts will post 1.54 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio is presently 252.63%.

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.