Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $14.00 Consensus Price Target from Brokerages

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $14.00.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $17.00 price target on shares of Xenia Hotels & Resorts in a research note on Monday, January 12th. Wells Fargo & Company upped their target price on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Monday, December 29th. Finally, Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th.

Xenia Hotels & Resorts Trading Down 1.1%

Shares of XHR opened at $15.34 on Friday. The stock’s fifty day simple moving average is $14.61 and its 200-day simple moving average is $13.90. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $1.45 billion, a PE ratio of 27.38 and a beta of 1.23. Xenia Hotels & Resorts has a 12-month low of $8.55 and a 12-month high of $15.60.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several large investors have recently bought and sold shares of the company. Salomon & Ludwin LLC raised its position in shares of Xenia Hotels & Resorts by 114.1% during the third quarter. Salomon & Ludwin LLC now owns 2,085 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,111 shares during the period. MAI Capital Management raised its holdings in Xenia Hotels & Resorts by 475.6% during the 3rd quarter. MAI Capital Management now owns 2,026 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,674 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Xenia Hotels & Resorts by 152.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,017 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,821 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 38.5% in the third quarter. Hantz Financial Services Inc. now owns 4,023 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 1,119 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Xenia Hotels & Resorts by 288.8% during the second 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. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.