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

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have received an average rating of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.00.

XHR has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Monday, December 29th. Wall Street Zen lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Robert W. Baird set a $17.00 target price on shares of Xenia Hotels & Resorts in a research note on Monday, January 12th.

Xenia Hotels & Resorts Trading Down 0.3%

Shares of NYSE XHR opened at $14.75 on Friday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 26.33 and a beta of 1.23. The stock’s 50 day moving average price is $14.51 and its two-hundred day moving average price is $13.85. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.16. Xenia Hotels & Resorts has a 52-week low of $8.55 and a 52-week high of $15.60.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.39. Xenia Hotels & Resorts had a return on equity of 4.50% and a net margin of 5.24%.The business had revenue of $236.42 million during the quarter, compared to analyst estimates of $236.16 million. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, analysts anticipate that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 100.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Xenia Hotels & Resorts by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,267,751 shares of the real estate investment trust’s stock valued at $236,914,000 after buying an additional 555,195 shares during the period. Wellington Management Group LLP raised its position in Xenia Hotels & Resorts by 3.1% in the third quarter. Wellington Management Group LLP now owns 9,044,142 shares of the real estate investment trust’s stock worth $124,086,000 after purchasing an additional 273,876 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Xenia Hotels & Resorts by 30.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,360 shares of the real estate investment trust’s stock worth $37,104,000 after purchasing an additional 633,820 shares during the period. JPMorgan Chase & Co. boosted its holdings in Xenia Hotels & Resorts by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 2,276,448 shares of the real estate investment trust’s stock valued at $31,233,000 after purchasing an additional 79,685 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Xenia Hotels & Resorts by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,374,459 shares of the real estate investment trust’s stock valued at $18,859,000 after purchasing an additional 32,635 shares during the period. Institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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.