Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $16.38 Consensus Target Price from Analysts

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat Ratings reports. Two 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 issued ratings on the stock in the last year is $16.38.

XHR has been the subject of a number of analyst reports. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. B. Riley cut their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company raised Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $16.00 to $15.00 in a report on Friday, September 13th.

Xenia Hotels & Resorts Stock Up 2.1 %

Xenia Hotels & Resorts stock opened at $15.33 on Friday. The firm has a 50 day simple moving average of $14.78 and a 200 day simple moving average of $14.28. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts has a 1-year low of $12.05 and a 1-year high of $15.84. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 66.66 and a beta of 1.51.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.13%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XHR. Russell Investments Group Ltd. raised its holdings in shares of Xenia Hotels & Resorts by 54.5% in the 1st quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock valued at $2,068,000 after acquiring an additional 48,576 shares in the last quarter. Victory Capital Management Inc. raised its stake in Xenia Hotels & Resorts by 182.7% in the second 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 in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Xenia Hotels & Resorts during the second quarter valued at approximately $2,345,000. Federated Hermes Inc. lifted its position in Xenia Hotels & Resorts by 179,814.4% during 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 purchasing an additional 350,638 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Xenia Hotels & Resorts by 36.0% in the 1st quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock worth $823,000 after buying an additional 14,516 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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.