Xenia Hotels & Resorts (NYSE:XHR) Sets New 52-Week High – Still a Buy?

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $22.12 and last traded at $22.07, with a volume of 115,804 shares changing hands. The stock had previously closed at $21.39.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on XHR shares. Weiss Ratings upgraded shares of Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. BMO Capital Markets lowered Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and cut their target price for the company from $22.00 to $20.50 in a report on Tuesday, September 1st. Wall Street Zen raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Wells Fargo & Company boosted their price target on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.12.

Xenia Hotels & Resorts Stock Performance

The company has a debt-to-equity ratio of 1.18, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a fifty day simple moving average of $18.90 and a 200 day simple moving average of $17.79. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 556.24 and a beta of 1.19.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.07. Xenia Hotels & Resorts had a net margin of 0.34% and a return on equity of 0.33%. The business had revenue of $263.83 million during the quarter, compared to analysts’ expectations of $256.91 million. During the same period in the previous year, the company earned $0.23 earnings per share. Xenia Hotels & Resorts’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 1,400.00%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several large investors have recently made changes to their positions in the business. Global Retirement Partners LLC increased its position in Xenia Hotels & Resorts by 359.0% in the 3rd quarter. Global Retirement Partners LLC now owns 5,930 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 4,638 shares during the period. Diversified Trust Co lifted its holdings in shares of Xenia Hotels & Resorts by 3.1% during the third quarter. Diversified Trust Co now owns 47,238 shares of the real estate investment trust’s stock worth $853,000 after buying an additional 1,422 shares during the last quarter. Aberdeen Group plc boosted its position in shares of Xenia Hotels & Resorts by 557.8% in the third quarter. Aberdeen Group plc now owns 275,400 shares of the real estate investment trust’s stock valued at $4,974,000 after acquiring an additional 233,536 shares during the period. Fisher Asset Management LLC boosted its position in shares of Xenia Hotels & Resorts by 17.6% in the third quarter. Fisher Asset Management LLC now owns 620,909 shares of the real estate investment trust’s stock valued at $11,214,000 after acquiring an additional 93,048 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Xenia Hotels & Resorts by 25.6% in the third quarter. Fifth Third Bancorp now owns 4,112 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 837 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc. is a real estate investment trust focused on owning luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are concentrated in major U.S. lodging markets and popular leisure destinations. The company’s hotels operate under a range of well-known hospitality brands and are generally managed by third-party operators. This structure allows Xenia to focus on investing in and overseeing its hotel real estate while operators handle day-to-day guest services.