Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) have been given an average rating of “Hold” by the eight research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $24.60.
Several research analysts have recently commented on XHR shares. Morgan Stanley lowered Xenia Hotels & Resorts from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $22.00 to $17.00 in a research report on Thursday, December 20th. Zacks Investment Research raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday, December 20th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sun Life Financial INC acquired a new position in Xenia Hotels & Resorts during the 4th quarter valued at about $42,000. Bremer Trust National Association acquired a new position in Xenia Hotels & Resorts during the 4th quarter valued at about $82,000. Quantamental Technologies LLC acquired a new position in Xenia Hotels & Resorts during the 4th quarter valued at about $101,000. NEXT Financial Group Inc increased its position in Xenia Hotels & Resorts by 4,818.0% during the 4th quarter. NEXT Financial Group Inc now owns 9,541 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 9,347 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Xenia Hotels & Resorts during the 1st quarter valued at about $179,000. 78.03% of the stock is owned by hedge funds and other institutional investors.
Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Xenia Hotels & Resorts had a return on equity of 10.84% and a net margin of 18.30%. The business had revenue of $275.66 million during the quarter, compared to analysts’ expectations of $269.26 million. During the same period in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts predict that Xenia Hotels & Resorts will post 2.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 5.16%. The ex-dividend date was Thursday, March 28th. Xenia Hotels & Resorts’s payout ratio is 49.55%.
Xenia Hotels & Resorts Company Profile
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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