Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $24.60.

Several brokerages have recently weighed in on XHR. Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, March 2nd. Morgan Stanley lowered Xenia Hotels & Resorts from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $22.00 to $17.00 in a research report on Thursday, December 20th.

XHR stock traded down $0.02 during mid-day trading on Wednesday, reaching $21.71. The company had a trading volume of 680,292 shares, compared to its average volume of 1,080,310. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $2.45 billion, a P/E ratio of 9.78, a P/E/G ratio of 2.14 and a beta of 1.15. Xenia Hotels & Resorts has a fifty-two week low of $16.47 and a fifty-two week high of $25.90.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $275.66 million for the quarter, compared to analyst estimates of $269.26 million. Xenia Hotels & Resorts had a return on equity of 10.84% and a net margin of 18.30%. Xenia Hotels & Resorts’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. On average, analysts expect that Xenia Hotels & Resorts will post 2.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Thursday, March 28th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 49.55%.

Several hedge funds and other institutional investors have recently modified their holdings of XHR. Rhumbline Advisers raised its position in shares of Xenia Hotels & Resorts by 2.8% during the 3rd quarter. Rhumbline Advisers now owns 129,597 shares of the real estate investment trust’s stock worth $3,071,000 after acquiring an additional 3,505 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Xenia Hotels & Resorts by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,018,308 shares of the real estate investment trust’s stock worth $24,134,000 after acquiring an additional 11,568 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Xenia Hotels & Resorts by 1.4% during the 3rd quarter. Martingale Asset Management L P now owns 343,745 shares of the real estate investment trust’s stock worth $8,147,000 after acquiring an additional 4,616 shares in the last quarter. BlackRock Inc. raised its position in shares of Xenia Hotels & Resorts by 5.6% during the 3rd quarter. BlackRock Inc. now owns 11,232,266 shares of the real estate investment trust’s stock worth $266,206,000 after acquiring an additional 596,492 shares in the last quarter. Finally, American International Group Inc. increased its position in Xenia Hotels & Resorts by 6.7% during the third quarter. American International Group Inc. now owns 74,778 shares of the real estate investment trust’s stock worth $1,772,000 after buying an additional 4,687 shares during the period. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

See Also: Dividend

Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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