Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Average Rating of “Moderate Buy” from Brokerages

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $17.13.

Several equities research analysts recently commented on XHR shares. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Wells Fargo & Company lifted their target price on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, December 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XHR. Meeder Asset Management Inc. purchased a new position in Xenia Hotels & Resorts in the 2nd quarter worth approximately $25,000. Loomis Sayles & Co. L P increased its holdings in shares of Xenia Hotels & Resorts by 3,146.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Xenia Hotels & Resorts by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,023 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 9,394 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Xenia Hotels & Resorts during the second quarter valued at $147,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock opened at $15.85 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The company’s fifty day moving average price is $15.12 and its 200-day moving average price is $14.42. The stock has a market cap of $1.61 billion, a PE ratio of 68.92 and a beta of 1.52. Xenia Hotels & Resorts has a 12 month low of $12.34 and a 12 month high of $16.50.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.03%. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

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.