Xenia Hotels & Resorts Inc (NYSE:XHR) Receives $21.60 Consensus PT from Brokerages

Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) have earned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.60.

Several equities analysts recently issued reports on XHR shares. Zacks Investment Research cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. BMO Capital Markets reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Xenia Hotels & Resorts in a research report on Monday, November 4th. Finally, Jefferies Financial Group cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price objective for the company from $26.00 to $22.00 in a research report on Thursday, October 17th. They noted that the move was a valuation call.

Shares of Xenia Hotels & Resorts stock traded up $0.07 during midday trading on Monday, hitting $20.81. The company had a trading volume of 368,100 shares, compared to its average volume of 769,490. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.26 and a current ratio of 2.26. The stock has a market capitalization of $2.38 billion, a P/E ratio of 9.37, a P/E/G ratio of 2.03 and a beta of 1.03. The company has a 50 day moving average of $21.00 and a 200 day moving average of $21.18. Xenia Hotels & Resorts has a 52-week low of $16.47 and a 52-week high of $23.33.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $268.90 million for the quarter, compared to the consensus estimate of $260.97 million. Xenia Hotels & Resorts had a return on equity of 7.90% and a net margin of 12.23%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Equities research analysts forecast that Xenia Hotels & Resorts will post 2.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.275 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.10 annualized dividend and a yield of 5.29%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 49.55%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Xenia Hotels & Resorts by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 18,344,971 shares of the real estate investment trust’s stock valued at $382,492,000 after acquiring an additional 361,134 shares in the last quarter. Northern Trust Corp lifted its position in Xenia Hotels & Resorts by 9.3% in the 2nd quarter. Northern Trust Corp now owns 2,702,277 shares of the real estate investment trust’s stock valued at $56,343,000 after acquiring an additional 230,996 shares in the last quarter. Prudential Financial Inc. lifted its position in Xenia Hotels & Resorts by 8.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,679,521 shares of the real estate investment trust’s stock valued at $55,867,000 after acquiring an additional 219,150 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Xenia Hotels & Resorts by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,844,160 shares of the real estate investment trust’s stock valued at $38,451,000 after acquiring an additional 65,182 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Xenia Hotels & Resorts by 6.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,664,599 shares of the real estate investment trust’s stock valued at $34,940,000 after acquiring an additional 94,962 shares in the last quarter. 87.69% of the stock is currently owned by institutional investors and hedge funds.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

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Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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