Xenia Hotels & Resorts, Inc. (NYSE:XHR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.86.

XHR has been the topic of a number of recent research reports. B. Riley lowered their price objective on Xenia Hotels & Resorts from $22.00 to $20.00 in a research note on Wednesday, November 9th. Morgan Stanley initiated coverage on Xenia Hotels & Resorts in a research note on Monday, December 5th. They set an “underweight” rating and a $13.00 price objective on the stock. Robert W. Baird lowered their price objective on Xenia Hotels & Resorts from $20.00 to $18.00 in a research note on Tuesday, December 20th. Raymond James downgraded Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Friday, December 9th. Finally, Jefferies Financial Group downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their target price for the company from $22.00 to $17.00 in a research report on Thursday, November 3rd.

Xenia Hotels & Resorts Stock Performance

NYSE XHR opened at $14.52 on Thursday. The stock’s fifty day moving average is $13.91 and its two-hundred day moving average is $14.93. The firm has a market capitalization of $1.65 billion, a P/E ratio of -725.64 and a beta of 1.51. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.24 and a current ratio of 3.24. Xenia Hotels & Resorts has a fifty-two week low of $12.48 and a fifty-two week high of $20.36.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.75%. Xenia Hotels & Resorts’s dividend payout ratio is presently -1,999.00%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at $31,000. Private Trust Co. NA purchased a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at $25,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Xenia Hotels & Resorts in the 4th quarter valued at $26,000. Point72 Hong Kong Ltd purchased a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at $76,000. Finally, CWM LLC raised its holdings in shares of Xenia Hotels & Resorts by 56.4% in the 3rd quarter. CWM LLC now owns 7,049 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 2,543 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

About Xenia Hotels & Resorts

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Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.