Xenia Hotels & Resorts (NYSE:XHR) Sets New 1-Year High – Here’s What Happened

Xenia Hotels & Resorts, Inc. (NYSE:XHR) shares reached a new 52-week high on Friday . The stock traded as high as $15.64 and last traded at $15.4280, with a volume of 64288 shares changing hands. The stock had previously closed at $15.32.

Wall Street Analyst Weigh In

Several analysts have commented on XHR shares. Robert W. Baird set a $17.00 price objective on shares of Xenia Hotels & Resorts in a research report on Monday, January 12th. Wall Street Zen cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Wells Fargo & Company increased their price objective on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.00.

Xenia Hotels & Resorts Stock Performance

The company has a market capitalization of $1.47 billion, a P/E ratio of 27.80 and a beta of 1.23. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.16. The company’s fifty day moving average is $14.61 and its 200 day moving average is $13.90.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.14 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.56 annualized dividend and a dividend yield of 3.6%. Xenia Hotels & Resorts’s payout ratio is 100.00%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in shares of Xenia Hotels & Resorts by 98.9% during the fourth quarter. IFP Advisors Inc now owns 7,782 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 3,869 shares during the period. GSA Capital Partners LLP boosted its position in shares of Xenia Hotels & Resorts by 25.8% in the fourth quarter. GSA Capital Partners LLP now owns 90,206 shares of the real estate investment trust’s stock valued at $1,276,000 after acquiring an additional 18,478 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Xenia Hotels & Resorts by 803.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 310,850 shares of the real estate investment trust’s stock worth $4,395,000 after acquiring an additional 276,450 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Xenia Hotels & Resorts by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 76,025 shares of the real estate investment trust’s stock worth $1,090,000 after acquiring an additional 4,467 shares during the period. Finally, Truist Financial Corp lifted its stake in Xenia Hotels & Resorts by 72.2% in the 4th quarter. Truist Financial Corp now owns 18,060 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 7,570 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.