StockNews.com upgraded shares of Xenia Hotels & Resorts (NYSE:XHR - Free Report) from a sell rating to a hold rating in a research note published on Thursday.
A number of other equities research analysts have also recently weighed in on XHR. Jefferies Financial Group lifted their price objective on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their target price on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.38.
Check Out Our Latest Stock Report on XHR
Xenia Hotels & Resorts Price Performance
Shares of Xenia Hotels & Resorts stock traded up $0.14 during trading hours on Thursday, reaching $13.43. 1,143,657 shares of the company's stock were exchanged, compared to its average volume of 682,596. 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 business has a fifty day moving average of $14.66 and a two-hundred day moving average of $14.69. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50. The company has a market capitalization of $1.36 billion, a P/E ratio of 58.37 and a beta of 1.50.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The business had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. During the same quarter in the prior year, the company posted $0.41 EPS. The company's quarterly revenue was up 3.3% on a year-over-year basis. As a group, research analysts predict 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. Stockholders of record on Monday, March 31st will be paid a $0.14 dividend. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 373.33%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of XHR. Wellington Management Group LLP raised its stake in Xenia Hotels & Resorts by 5.0% in the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust's stock valued at $143,354,000 after buying an additional 465,141 shares in the last quarter. State Street Corp increased its position in Xenia Hotels & Resorts by 1.8% during the third 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 period. Geode Capital Management LLC lifted its stake in Xenia Hotels & Resorts by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock valued at $39,135,000 after buying an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock valued at $35,102,000 after acquiring an additional 30,186 shares during the period. Finally, Millennium Management LLC grew its position in shares of Xenia Hotels & Resorts by 3.0% during the fourth quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust's stock worth $26,820,000 after acquiring an additional 52,690 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.
Xenia Hotels & Resorts Company Profile
(
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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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