Analysts Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) Price Target at $17.63

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have received an average recommendation of “Moderate Buy” from the four analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $17.63.

XHR has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group boosted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in Xenia Hotels & Resorts by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after acquiring an additional 465,141 shares during the period. State Street Corp raised its position in shares of Xenia Hotels & Resorts by 1.8% in the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock valued at $91,597,000 after purchasing an additional 108,798 shares during the period. Geode Capital Management LLC raised its position in shares of Xenia Hotels & Resorts by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after purchasing an additional 60,323 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Xenia Hotels & Resorts by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after buying an additional 59,212 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Xenia Hotels & Resorts by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock valued at $24,555,000 after buying an additional 40,807 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $14.71 on Friday. Xenia Hotels & Resorts has a 52 week low of $12.34 and a 52 week high of $16.50. The firm has a 50-day moving average price of $15.27 and a two-hundred day moving average price of $14.51. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 63.96 and a beta of 1.51.

Xenia Hotels & Resorts Dividend Announcement

The company 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

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.