Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) Price Target at $15.70

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.70.

Several brokerages have issued reports on XHR. B. Riley restated a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Jefferies Financial Group raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and upped their target price for the company from $14.00 to $18.00 in a research report on Thursday, February 29th. KeyCorp upped their price target on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, April 5th. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, Wolfe Research began coverage on shares of Xenia Hotels & Resorts in a research note on Wednesday, January 10th. They set a “peer perform” rating on the stock.

Xenia Hotels & Resorts Price Performance

NYSE:XHR opened at $13.99 on Tuesday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.06. The business’s 50-day simple moving average is $14.74 and its two-hundred day simple moving average is $13.48. The stock has a market cap of $1.43 billion, a PE ratio of 82.29 and a beta of 1.45. Xenia Hotels & Resorts has a 52 week low of $10.90 and a 52 week high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.75% and a net margin of 1.87%. The firm had revenue of $253.38 million during the quarter, compared to the consensus estimate of $253.00 million. As a group, analysts forecast that Xenia Hotels & Resorts will post 1.53 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. Xenia Hotels & Resorts’s payout ratio is presently 282.35%.

Institutional Trading of Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Xenia Hotels & Resorts by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock worth $138,067,000 after acquiring an additional 278,686 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Xenia Hotels & Resorts by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,256,192 shares of the real estate investment trust’s stock valued at $30,729,000 after buying an additional 60,748 shares during the last quarter. 683 Capital Management LLC raised its holdings in shares of Xenia Hotels & Resorts by 461.7% in the third quarter. 683 Capital Management LLC now owns 1,650,000 shares of the real estate investment trust’s stock valued at $19,437,000 after buying an additional 1,356,258 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Xenia Hotels & Resorts by 33.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,169,995 shares of the real estate investment trust’s stock worth $13,783,000 after purchasing an additional 292,913 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in Xenia Hotels & Resorts during the third quarter worth about $13,177,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

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.