Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have received an average recommendation of “Moderate Buy” from the four brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.63.

XHR has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday.

Xenia Hotels & Resorts Price Performance

Shares of NYSE XHR opened at $14.67 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $1.49 billion, a PE ratio of 63.79 and a beta of 1.51. The stock has a fifty day moving average price of $15.25 and a 200 day moving average price of $14.51. Xenia Hotels & Resorts has a 1-year low of $12.34 and a 1-year high of $16.50.

Xenia Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.27%. Xenia Hotels & Resorts’s payout ratio is currently 208.70%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in Xenia Hotels & Resorts in the 2nd quarter valued at approximately $25,000. Loomis Sayles & Co. L P increased its position in shares of Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 1,023 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 9,394 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter worth about $147,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.