According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT. The company invests primarily in premium full service, lifestyle, urban upscale hotels, lodging markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “
Several other equities analysts have also issued reports on XHR. TheStreet raised Xenia Hotels & Resorts from a sell rating to a hold rating in a research note on Monday, June 20th. Raymond James Financial Inc. assumed coverage on Xenia Hotels & Resorts in a research note on Tuesday, July 26th. They issued a market perform rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $17.67.
Shares of Xenia Hotels & Resorts (NYSE:XHR) opened at 15.55 on Tuesday. Xenia Hotels & Resorts has a one year low of $12.10 and a one year high of $19.04. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.89 and a beta of 0.71. The stock’s 50 day moving average price is $15.85 and its 200 day moving average price is $16.25.
Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. Xenia Hotels & Resorts had a return on equity of 7.57% and a net margin of 9.71%. The business had revenue of $261.38 million for the quarter, compared to analyst estimates of $257.99 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts expect that Xenia Hotels & Resorts will post $2.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 7.07%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 126.44%.
Large investors have recently made changes to their positions in the company. Shinko Asset Management Co. Ltd. increased its stake in shares of Xenia Hotels & Resorts by 24.0% in the second quarter. Shinko Asset Management Co. Ltd. now owns 6,200 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 1,200 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at about $122,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at about $143,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at about $163,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Xenia Hotels & Resorts by 83.8% in the third quarter. BNP Paribas Arbitrage SA now owns 9,823 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 4,478 shares during the period. Institutional investors own 57.50% of the company’s stock.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.
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