Xenia Hotels & Resorts, Inc. (NYSE:XHR) Given Consensus Rating of “Moderate Buy” by Analysts

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has earned an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.38.

Several analysts have issued reports on the company. B. Riley cut their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $16.00 to $15.00 in a report on Friday, September 13th.

Xenia Hotels & Resorts Price Performance

XHR opened at $15.33 on Friday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1.56 billion, a P/E ratio of 66.66 and a beta of 1.51. The stock has a 50-day moving average price of $14.78 and a 200-day moving average price of $14.28. Xenia Hotels & Resorts has a 12-month low of $12.05 and a 12-month high of $15.84.

Xenia Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XHR. BNP Paribas Financial Markets grew its holdings in Xenia Hotels & Resorts by 36.0% in the 1st quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock worth $823,000 after acquiring an additional 14,516 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Xenia Hotels & Resorts by 54.5% during the 1st quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock valued at $2,068,000 after purchasing an additional 48,576 shares during the period. ProShare Advisors LLC raised its position in Xenia Hotels & Resorts by 5.7% during the 1st quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,143 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Xenia Hotels & Resorts by 24.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 39,695 shares of the real estate investment trust’s stock worth $596,000 after buying an additional 7,870 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Xenia Hotels & Resorts in the 1st quarter worth approximately $164,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.