Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned a consensus rating of “Moderate Buy” from the four ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $17.63.

Several equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group increased their price objective on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after purchasing an additional 60,323 shares in the last quarter. Barclays PLC boosted its stake in Xenia Hotels & Resorts by 295.7% in the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock worth $2,555,000 after buying an additional 129,328 shares in the last quarter. Victory Capital Management Inc. grew its position in Xenia Hotels & Resorts by 182.7% during 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 acquiring an additional 40,868 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Xenia Hotels & Resorts by 2.6% during the third 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 acquiring an additional 59,212 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 179,814.4% in the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after acquiring an additional 350,638 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

XHR stock opened at $14.71 on Friday. The stock has a 50-day simple moving average of $15.27 and a two-hundred day simple moving average of $14.51. Xenia Hotels & Resorts has a twelve month low of $12.34 and a twelve month high of $16.50. The firm has a market capitalization of $1.50 billion, a PE ratio of 63.96 and a beta of 1.51. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

About Xenia Hotels & Resorts

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