Brokerages Set Xenia Hotels & Resorts Inc. (NYSE:XHR) Target Price at $19.00
Shares of Xenia Hotels & Resorts Inc. (NYSE:XHR) have received a consensus rating of “Hold” from the six analysts that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.00.
A number of analysts have recently issued reports on the company. Raymond James Financial Inc. assumed coverage on Xenia Hotels & Resorts in a research report on Tuesday, July 26th. They issued a “market perform” rating for the company. Zacks Investment Research raised Xenia Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, TheStreet raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, June 20th.
Xenia Hotels & Resorts (NYSE:XHR) opened at 15.12 on Monday. Xenia Hotels & Resorts has a 1-year low of $12.10 and a 1-year high of $19.09. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 17.40 and a beta of 0.71. The firm has a 50-day moving average price of $16.07 and a 200-day moving average price of $16.25.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.65. Xenia Hotels & Resorts had a return on equity of 7.57% and a net margin of 9.71%. The company earned $261.38 million during the quarter, compared to analysts’ expectations of $257.99 million. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Xenia Hotels & Resorts will post $2.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.28%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 126.44%.
Several institutional investors have recently made changes to their positions in the company. Shinko Asset Management Co. Ltd. raised its position 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 worth $104,000 after buying an additional 1,200 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of Xenia Hotels & Resorts during the second quarter worth $122,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Xenia Hotels & Resorts during the second quarter worth $143,000. BNP Paribas Arbitrage SA raised its position 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 worth $149,000 after buying an additional 4,478 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of Xenia Hotels & Resorts during the second quarter worth $163,000. Institutional investors own 57.50% of the company’s stock.
About Xenia Hotels & Resorts
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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