Xenia Hotels & Resorts (NYSE:XHR) Reaches New 52-Week High – Time to Buy?

Xenia Hotels & Resorts, Inc. (NYSE:XHR) reached a new 52-week high on Tuesday . The company traded as high as $15.99 and last traded at $15.94, with a volume of 90171 shares. The stock had previously closed at $15.41.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XHR. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, B. Riley reduced their target price on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.38.

Xenia Hotels & Resorts Stock Performance

The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 67.00 and a beta of 1.52. The stock has a 50 day moving average of $14.91 and a 200 day moving average of $14.30. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in XHR. Meeder Asset Management Inc. bought a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at $25,000. Loomis Sayles & Co. L P grew its holdings in Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,023 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth about $147,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Company Profile

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.