Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $15.40.

A number of equities analysts recently issued reports on the company. B. Riley decreased their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently bought and sold shares of XHR. Wellington Management Group LLP lifted its position in shares of Xenia Hotels & Resorts by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock worth $138,067,000 after purchasing an additional 278,686 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Xenia Hotels & Resorts by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,256,192 shares of the real estate investment trust’s stock worth $30,729,000 after buying an additional 60,748 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Xenia Hotels & Resorts by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,481,995 shares of the real estate investment trust’s stock valued at $21,236,000 after buying an additional 45,787 shares during the period. Norges Bank purchased a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at $9,787,000. Finally, Panagora Asset Management Inc. grew its holdings in shares of Xenia Hotels & Resorts by 27.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock valued at $9,689,000 after acquiring an additional 145,527 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Price Performance

Shares of NYSE XHR opened at $12.66 on Thursday. The firm has a 50-day moving average of $14.01 and a two-hundred day moving average of $14.25. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 66.63 and a beta of 1.51. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts has a twelve month low of $10.90 and a twelve month high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.30). The business had revenue of $272.90 million for the quarter, compared to analyst estimates of $275.66 million. Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. As a group, analysts expect that Xenia Hotels & Resorts will post 1.56 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.79%. Xenia Hotels & Resorts’s dividend payout ratio is 252.63%.

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.