Xenia Hotels & Resorts (NYSE:XHR) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from a sell rating to a hold rating in a research note released on Thursday.

XHR has been the topic of a number of other research reports. Jefferies Financial Group boosted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.38.

Xenia Hotels & Resorts Trading Up 0.1 %

Shares of XHR opened at $13.28 on Thursday. The company’s fifty day moving average is $14.73 and its 200 day moving average is $14.68. Xenia Hotels & Resorts has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The stock has a market capitalization of $1.35 billion, a PE ratio of 57.72 and a beta of 1.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The company had revenue of $261.80 million for the quarter, compared to analysts’ expectations of $263.47 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. Xenia Hotels & Resorts’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.22%. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XHR. International Assets Investment Management LLC grew its holdings in shares of Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 9,394 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 worth $60,000 after purchasing an additional 1,023 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Xenia Hotels & Resorts by 9.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 2,647 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Xenia Hotels & Resorts by 4.2% in the third quarter. New York State Teachers Retirement System now owns 135,804 shares of the real estate investment trust’s stock worth $2,006,000 after purchasing an additional 5,435 shares during the last quarter. Finally, James Investment Research Inc. grew its holdings in shares of Xenia Hotels & Resorts by 48.5% in the third quarter. James Investment Research Inc. now owns 25,315 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 8,266 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

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.