Xenia Hotels & Resorts (NYSE:XHR) Shares Up 8.2%

Xenia Hotels & Resorts, Inc. (NYSE:XHR)’s stock price rose 8.2% on Friday . The company traded as high as $15.23 and last traded at $15.14. Approximately 177,656 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 817,285 shares. The stock had previously closed at $13.99.

Wall Street Analyst Weigh In

XHR has been the subject of a number of research reports. Wolfe Research initiated coverage on shares of Xenia Hotels & Resorts in a research note on Wednesday, January 10th. They issued a “peer perform” rating for the company. Wells Fargo & Company boosted their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. KeyCorp boosted their target price on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $18.00 in a report on Thursday, February 29th. Finally, B. Riley reiterated a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.70.

Xenia Hotels & Resorts Trading Up 7.0 %

The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 89.59 and a beta of 1.46. The company’s fifty day moving average price is $14.74 and its 200-day moving average price is $13.48.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.28). Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. The company had revenue of $253.38 million for the quarter, compared to analyst estimates of $253.00 million. On average, research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.53 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. Xenia Hotels & Resorts’s payout ratio is 282.35%.

Institutional Trading of Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co lifted its holdings in shares of Xenia Hotels & Resorts by 2.5% in the 1st quarter. Diversified Trust Co now owns 30,393 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 730 shares during the period. VitalStone Financial LLC boosted its stake in Xenia Hotels & Resorts by 54.4% in the 4th quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 875 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Xenia Hotels & Resorts by 10.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,092 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Xenia Hotels & Resorts by 3.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 48,626 shares of the real estate investment trust’s stock valued at $573,000 after buying an additional 1,551 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Xenia Hotels & Resorts by 5.1% during the first quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 1,672 shares during the last quarter. Institutional investors and hedge funds 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.