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

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.13.

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Monday. StockNews.com lowered Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Monday, November 11th.

Xenia Hotels & Resorts Trading Down 0.9 %

Shares of XHR stock traded down $0.14 during mid-day trading on Wednesday, hitting $16.21. 574,617 shares of the company's stock were exchanged, compared to its average volume of 789,606. 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 market cap of $1.65 billion, a price-to-earnings ratio of 70.87 and a beta of 1.52. The stock has a 50-day simple moving average of $15.06 and a two-hundred day simple moving average of $14.38. Xenia Hotels & Resorts has a fifty-two week low of $12.34 and a fifty-two week high of $16.50.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Tuesday, December 31st. Xenia Hotels & Resorts's dividend payout ratio is currently 208.70%.

Institutional Trading of Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Xenia Hotels & Resorts by 370.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust's stock valued at $10,619,000 after purchasing an additional 566,144 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Xenia Hotels & Resorts by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust's stock worth $143,354,000 after buying an additional 465,141 shares during the last quarter. Federated Hermes Inc. grew its position 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 purchasing an additional 350,638 shares during the last quarter. SG Americas Securities LLC bought a new position in Xenia Hotels & Resorts during the 3rd quarter worth $4,504,000. Finally, Mutual of America Capital Management LLC grew its position in shares of Xenia Hotels & Resorts by 1,602.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust's stock worth $4,422,000 after purchasing an additional 290,469 shares in the last quarter. 92.43% of the stock is owned by institutional investors.

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.