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

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been assigned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.20.

Several brokerages have recently issued reports on XHR. Wells Fargo & Company lifted their price target on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Saturday, September 27th. BMO Capital Markets lifted their price target on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd.

Xenia Hotels & Resorts Stock Down 1.5%

XHR opened at $13.38 on Friday. Xenia Hotels & Resorts has a 12 month low of $8.55 and a 12 month high of $16.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $1.28 billion, a P/E ratio of 21.24 and a beta of 1.73. The stock’s 50 day moving average price is $13.78 and its 200 day moving average price is $12.49.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The firm had revenue of $287.58 million during the quarter, compared to analyst estimates of $273.43 million. During the same period last year, the company posted $0.52 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, research analysts predict that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.56 annualized dividend and a dividend yield of 4.2%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Large investors have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in shares of Xenia Hotels & Resorts by 231.4% during the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,798 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Xenia Hotels & Resorts during the 1st quarter worth $68,000. GAMMA Investing LLC boosted its stake in shares of Xenia Hotels & Resorts by 288.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,438 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 4,782 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in shares of Xenia Hotels & Resorts by 38.2% during the 2nd quarter. AdvisorShares Investments LLC now owns 8,400 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 2,320 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Xenia Hotels & Resorts by 79.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,557 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 3,782 shares in the last quarter. 92.43% of the stock is owned by institutional investors.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.