Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Average Recommendation of "Hold" from Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) have been assigned an average recommendation of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $15.30.

Several research firms recently issued reports on XHR. Wells Fargo & Company raised Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $16.00 to $15.00 in a research report on Friday, September 13th. B. Riley dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a "neutral" rating on the stock in a report on Wednesday, August 7th.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in Xenia Hotels & Resorts by 54.5% in the first quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust's stock worth $2,068,000 after purchasing an additional 48,576 shares during the period. Victory Capital Management Inc. raised its position in shares of Xenia Hotels & Resorts by 182.7% during the 2nd quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust's stock worth $906,000 after buying an additional 40,868 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter worth approximately $2,345,000. Federated Hermes Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 179,814.4% in the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust's stock valued at $5,027,000 after acquiring an additional 350,638 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Xenia Hotels & Resorts by 36.0% during the first quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust's stock valued at $823,000 after acquiring an additional 14,516 shares during the period. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Down 0.7 %

Shares of XHR traded down $0.10 during trading on Tuesday, reaching $14.50. The company's stock had a trading volume of 219,602 shares, compared to its average volume of 812,972. Xenia Hotels & Resorts has a twelve month low of $10.92 and a twelve month high of $15.84. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 76.79 and a beta of 1.51. The company has a fifty day moving average of $14.22 and a two-hundred day moving average of $14.23.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.30). The company had revenue of $272.90 million during the quarter, compared to analyst estimates of $275.66 million. Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. On average, sell-side analysts predict that Xenia Hotels & Resorts will post 1.54 EPS for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.31%. Xenia Hotels & Resorts's dividend payout ratio is currently 252.63%.

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.