BidaskClub upgraded shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) from a hold rating to a buy rating in a research report report published on Tuesday, August 1st.
Other equities analysts have also recently issued reports about the stock. Morgan Stanley boosted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an equal weight rating in a research note on Friday, June 16th. TheStreet raised shares of Xenia Hotels & Resorts from a c+ rating to a b- rating in a research note on Wednesday, June 21st. Finally, Zacks Investment Research raised shares of Xenia Hotels & Resorts from a sell rating to a hold rating and set a $20.00 price objective on the stock in a research note on Saturday, May 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Xenia Hotels & Resorts currently has a consensus rating of Hold and an average price target of $20.75.
Xenia Hotels & Resorts (NYSE XHR) traded down 0.20% on Tuesday, hitting $19.50. 401,095 shares of the company were exchanged. Xenia Hotels & Resorts has a 52 week low of $14.84 and a 52 week high of $20.64. The company has a market capitalization of $2.08 billion, a P/E ratio of 14.31 and a beta of 0.77. The firm’s 50 day moving average is $19.89 and its 200 day moving average is $18.38.
Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.41. The business had revenue of $244.39 million for the quarter, compared to analysts’ expectations of $231.65 million. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. On average, equities research analysts forecast that Xenia Hotels & Resorts will post $0.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.64%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 81.48%.
Several institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Xenia Hotels & Resorts by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 104,848 shares of the real estate investment trust’s stock valued at $1,790,000 after buying an additional 479 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in Xenia Hotels & Resorts during the first quarter valued at approximately $224,000. Acadian Asset Management LLC raised its stake in Xenia Hotels & Resorts by 245.0% in the first quarter. Acadian Asset Management LLC now owns 86,496 shares of the real estate investment trust’s stock valued at $1,476,000 after buying an additional 61,422 shares in the last quarter. James Investment Research Inc. acquired a new stake in Xenia Hotels & Resorts during the first quarter valued at approximately $133,000. Finally, State of Alaska Department of Revenue raised its stake in Xenia Hotels & Resorts by 32.3% in the first quarter. State of Alaska Department of Revenue now owns 57,950 shares of the real estate investment trust’s stock valued at $988,000 after buying an additional 14,140 shares in the last quarter. 64.29% of the stock is currently owned by institutional investors and hedge funds.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
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