Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) PT at $16.38

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) have been given an average rating of "Moderate Buy" by the five analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $16.38.

Several research analysts have recently issued reports on XHR shares. Wells Fargo & Company raised Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. Finally, B. Riley lowered their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a "neutral" rating for the company in a research report on Wednesday, August 7th.

Xenia Hotels & Resorts Trading Down 1.5 %

NYSE:XHR traded down $0.23 during trading hours on Friday, reaching $14.77. 996,409 shares of the stock were exchanged, compared to its average volume of 592,483. The business has a 50-day moving average of $14.66 and a two-hundred day moving average of $14.26. Xenia Hotels & Resorts has a twelve month low of $12.05 and a twelve month high of $15.84. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 64.22 and a beta of 1.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, September 30th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 208.70%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth about $25,000. Loomis Sayles & Co. L P raised its position 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 acquiring an additional 1,982 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Xenia Hotels & Resorts by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,023 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Xenia Hotels & Resorts in the first quarter valued at approximately $135,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust's stock worth $144,000 after acquiring an additional 9,394 shares in the last quarter. 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.