Xenia Hotels & Resorts, Inc. (NYSE:XHR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $17.13.

Several brokerages have recently issued reports on XHR. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their target price on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, December 9th.

Xenia Hotels & Resorts Price Performance

XHR stock opened at $15.96 on Wednesday. The stock’s 50 day moving average price is $15.14 and its 200 day moving average price is $14.43. The firm has a market cap of $1.62 billion, a P/E ratio of 69.17 and a beta of 1.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50.

Xenia Hotels & Resorts Dividend Announcement

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

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 182.7% in the 2nd quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock valued at $906,000 after purchasing an additional 40,868 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Xenia Hotels & Resorts by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after buying an additional 59,212 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Xenia Hotels & Resorts in the second quarter valued at $2,345,000. Federated Hermes Inc. boosted its holdings in Xenia Hotels & Resorts by 179,814.4% in the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after acquiring an additional 350,638 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Xenia Hotels & Resorts by 370.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after acquiring an additional 566,144 shares during the period. 92.43% of the stock is owned by institutional investors and hedge funds.

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.