Xenia Hotels & Resorts, Inc. (NYSE:XHR) Given Average Recommendation of “Moderate Buy” by Brokerages

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.63.

XHR has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 30th. Jefferies Financial Group increased their price objective on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, December 9th.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $14.84 on Friday. The business’s 50-day moving average is $15.24 and its 200-day moving average is $14.50. 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 capitalization of $1.51 billion, a price-to-earnings ratio of 64.52 and a beta of 1.51. Xenia Hotels & Resorts has a fifty-two week low of $12.34 and a fifty-two week high of $16.50.

Xenia Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.23%. Xenia Hotels & Resorts’s payout ratio is 208.70%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of XHR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Xenia Hotels & Resorts by 370.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after acquiring an additional 566,144 shares during the period. Wellington Management Group LLP increased its position in shares of Xenia Hotels & Resorts by 5.0% during the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after purchasing an additional 465,141 shares during the period. Federated Hermes Inc. raised its stake in shares of Xenia Hotels & Resorts by 179,814.4% in the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after purchasing an additional 350,638 shares in the last quarter. SG Americas Securities LLC bought a new position in Xenia Hotels & Resorts in the third quarter worth $4,504,000. Finally, Mutual of America Capital Management LLC boosted its stake in Xenia Hotels & Resorts by 1,602.7% during the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock worth $4,422,000 after buying an additional 290,469 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.