Xenia Hotels & Resorts (NYSE:XHR) Upgraded 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 issued to investors on Thursday.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.38.

Xenia Hotels & Resorts Price Performance

Shares of NYSE XHR opened at $13.43 on Thursday. 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 $1.36 billion, a price-to-earnings ratio of 58.37 and a beta of 1.50. The stock’s 50-day moving average is $14.66 and its two-hundred day moving average is $14.68. Xenia Hotels & Resorts has a 1-year low of $12.34 and a 1-year high of $16.50.

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

Xenia Hotels & Resorts Increases Dividend

The business also recently announced 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. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 4.17%. Xenia Hotels & Resorts’s dividend payout ratio is presently 373.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XHR. International Assets Investment Management LLC boosted its stake in 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 valued at $144,000 after acquiring an additional 9,394 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Xenia Hotels & Resorts by 34.9% in the 3rd 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 purchasing an additional 1,023 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Xenia Hotels & Resorts by 9.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 2,647 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Xenia Hotels & Resorts by 4.2% in the 3rd quarter. New York State Teachers Retirement System now owns 135,804 shares of the real estate investment trust’s stock valued at $2,006,000 after purchasing an additional 5,435 shares during the period. Finally, James Investment Research Inc. grew its stake in Xenia Hotels & Resorts by 48.5% during the 3rd quarter. James Investment Research Inc. now owns 25,315 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 8,266 shares during the last quarter. 92.43% of the stock is owned by hedge funds and other 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.