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

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.38.

XHR has been the topic of several research reports. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $16.00 to $15.00 in a research note on Friday, September 13th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, B. Riley decreased their price target 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.

Xenia Hotels & Resorts Trading Down 1.5 %

XHR stock opened at $14.77 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The company’s 50-day simple moving average is $14.66 and its 200 day simple moving average is $14.26. Xenia Hotels & Resorts has a 52 week low of $12.05 and a 52 week high of $15.84. The company has a market capitalization of $1.50 billion, a PE ratio of 64.22 and a beta of 1.51.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. Xenia Hotels & Resorts’s payout ratio is 208.70%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of large investors have recently bought and sold shares of XHR. Meeder Asset Management Inc. bought a new position in shares of Xenia Hotels & Resorts in the second quarter worth about $25,000. Loomis Sayles & Co. L P lifted its holdings in shares of Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,982 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,023 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Xenia Hotels & Resorts in the first quarter worth about $135,000. Finally, International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 9,394 shares during the last quarter. 92.43% 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 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.