TheStreet upgraded shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) from a c+ rating to a b- rating in a research note published on Wednesday morning.

Other equities research analysts also recently issued research reports about the stock. Instinet reissued a buy rating and issued a $22.00 target price on shares of Xenia Hotels & Resorts in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a sell rating to a buy rating and set a $22.00 target price for the company in a research report on Tuesday, August 15th. BidaskClub raised shares of Xenia Hotels & Resorts from a hold rating to a buy rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley boosted their target price on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an equal weight rating in a research report on Friday, June 16th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $21.40.

Xenia Hotels & Resorts (NYSE:XHR) opened at 21.97 on Wednesday. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 16.12 and a beta of 0.80. Xenia Hotels & Resorts has a one year low of $15.00 and a one year high of $22.17. The firm’s 50 day moving average price is $20.97 and its 200 day moving average price is $20.97.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. The company had revenue of $244.39 million during the quarter, compared to the consensus estimate of $231.65 million. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. Equities analysts forecast that Xenia Hotels & Resorts will post $0.90 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Thursday, September 28th. Xenia Hotels & Resorts’s dividend payout ratio is presently 81.48%.

Several large investors have recently made changes to their positions in XHR. Bank of New York Mellon Corp grew its position in shares of Xenia Hotels & Resorts by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 988,312 shares of the real estate investment trust’s stock valued at $16,871,000 after buying an additional 50,952 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Xenia Hotels & Resorts by 26.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 215,118 shares of the real estate investment trust’s stock valued at $3,672,000 after buying an additional 45,447 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $228,000. Ameriprise Financial Inc. grew its position in shares of Xenia Hotels & Resorts by 354.6% during the 1st quarter. Ameriprise Financial Inc. now owns 180,199 shares of the real estate investment trust’s stock valued at $3,076,000 after buying an additional 140,559 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Xenia Hotels & Resorts by 34.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 309,325 shares of the real estate investment trust’s stock valued at $5,280,000 after buying an additional 79,576 shares during the last quarter. 64.99% of the stock is owned by institutional investors and hedge funds.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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