Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) PT at $17.63

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) have received a consensus rating of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.63.

A number of research analysts recently commented on the stock. StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, December 30th. Jefferies Financial Group raised their price objective on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th.

Institutional Trading of Xenia Hotels & Resorts

A number of hedge funds have recently added to or reduced their stakes in XHR. Wellington Management Group LLP raised its stake in shares of Xenia Hotels & Resorts by 5.0% during the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust's stock worth $143,354,000 after purchasing an additional 465,141 shares during the last quarter. State Street Corp raised its position in Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock worth $91,597,000 after buying an additional 108,798 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Xenia Hotels & Resorts by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock worth $39,135,000 after acquiring an additional 60,323 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust's stock valued at $34,443,000 after acquiring an additional 59,212 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Xenia Hotels & Resorts by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock valued at $24,555,000 after acquiring an additional 40,807 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Up 0.6 %

XHR traded up $0.09 on Friday, reaching $14.84. The company's stock had a trading volume of 767,951 shares, compared to its average volume of 640,676. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 64.52 and a beta of 1.51. Xenia Hotels & Resorts has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average of $15.24 and a two-hundred day moving average of $14.50.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.23%. Xenia Hotels & Resorts's payout ratio is 208.70%.

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.