Xenia Hotels & Resorts (NYSE:XHR - Free Report) had its target price lowered by KeyCorp from $17.00 to $16.00 in a research report report published on Monday, Marketbeat Ratings reports. The firm currently has an overweight rating on the real estate investment trust's stock.
Other research analysts have also issued reports about the company. Wells Fargo & Company lowered their target price on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group lifted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Finally, StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $17.13.
Check Out Our Latest Research Report on XHR
Xenia Hotels & Resorts Trading Down 2.5 %
Shares of NYSE:XHR opened at $11.81 on Monday. The company has a 50 day moving average of $13.80 and a 200-day moving average of $14.56. 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 firm has a market cap of $1.20 billion, a P/E ratio of 51.33 and a beta of 1.47. Xenia Hotels & Resorts has a twelve month low of $11.67 and a twelve month high of $16.50.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.05 by $0.34. The firm had revenue of $261.80 million for the quarter, compared to analysts' expectations of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. As a group, analysts anticipate that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.
Xenia Hotels & Resorts Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.74%. The ex-dividend date is Monday, March 31st. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's payout ratio is presently 373.33%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new stake in shares of Xenia Hotels & Resorts in the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its position in Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at $30,000. Loomis Sayles & Co. L P boosted its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 1,982 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Xenia Hotels & Resorts by 2,492.9% during the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 2,443 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.
About Xenia Hotels & Resorts
(
Get Free Report)
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.
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