Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Consensus Rating of “Moderate Buy” from Analysts

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $17.13.

A number of brokerages recently weighed in on XHR. StockNews.com cut shares of 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 Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th.

Xenia Hotels & Resorts Price Performance

XHR opened at $15.96 on Wednesday. The company has a 50 day moving average of $15.14 and a two-hundred day moving average of $14.43. Xenia Hotels & Resorts has a 52-week low of $12.34 and a 52-week high of $16.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.62 billion, a P/E ratio of 69.17 and a beta of 1.52.

Xenia Hotels & Resorts Announces Dividend

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

Institutional Trading of Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of XHR. Meeder Asset Management Inc. purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter worth approximately $25,000. Loomis Sayles & Co. L P grew its position in shares of Xenia Hotels & Resorts by 3,146.0% during 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 buying an additional 1,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 worth $60,000 after buying an additional 1,023 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 9,394 shares in the last quarter. Finally, Algert Global LLC bought a new position in Xenia Hotels & Resorts during the 2nd quarter valued at $147,000. 92.43% of the stock is 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.