Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $15.70 Average Target Price from Analysts

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been given an average recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.70.

Several research firms have recently issued reports on XHR. Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and raised their price target for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. KeyCorp raised their price target on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. B. Riley reaffirmed a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wells Fargo & Company raised their price target on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Finally, StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Hedge funds have recently bought and sold shares of the company. VitalStone Financial LLC raised its stake in Xenia Hotels & Resorts by 54.4% during the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 875 shares during the last quarter. Principal Securities Inc. bought a new stake in Xenia Hotels & Resorts in the fourth quarter valued at $64,000. International Assets Investment Management LLC increased its stake in Xenia Hotels & Resorts by 1,274.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 4,561 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Xenia Hotels & Resorts in the fourth quarter valued at $74,000. Finally, EntryPoint Capital LLC bought a new stake in Xenia Hotels & Resorts in the first quarter valued at $135,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $14.25 on Wednesday. Xenia Hotels & Resorts has a fifty-two week low of $10.90 and a fifty-two week high of $15.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market capitalization of $1.45 billion, a P/E ratio of 75.00 and a beta of 1.49. The company’s 50 day moving average price is $14.39 and its two-hundred day moving average price is $14.07.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.58%. The company had revenue of $267.49 million during the quarter, compared to analyst estimates of $258.80 million. On average, equities analysts forecast that Xenia Hotels & Resorts will post 1.56 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, June 28th. Xenia Hotels & Resorts’s dividend payout ratio is presently 252.64%.

About Xenia Hotels & Resorts

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.