Xenia Hotels & Resorts (NYSE:XHR) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Xenia Hotels & Resorts (NYSE:XHR) from a buy rating to a hold rating in a report published on Wednesday morning, Marketbeat reports. Jefferies Financial Group currently has $10.00 target price on the real estate investment trust’s stock, down from their previous target price of $18.00.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company cut their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Finally, KeyCorp reduced their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $14.63.

Xenia Hotels & Resorts Trading Up 0.2 %

Shares of XHR opened at $9.77 on Wednesday. Xenia Hotels & Resorts has a 1-year low of $8.55 and a 1-year high of $16.50. The company has a market capitalization of $991.13 million, a P/E ratio of 42.48 and a beta of 1.38. 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 firm’s 50 day simple moving average is $12.70 and its 200 day simple moving average is $14.24.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $261.80 million for the quarter, compared to analysts’ expectations of $263.47 million. During the same quarter last year, the company posted $0.41 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 5.73%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s payout ratio is currently 373.33%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several institutional investors have recently bought and sold shares of the stock. GF Fund Management CO. LTD. purchased a new stake in Xenia Hotels & Resorts during the 4th quarter valued at $28,000. Smartleaf Asset Management LLC increased its position in shares of Xenia Hotels & Resorts by 500.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,657 shares during the period. Creekmur Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $30,000. Fifth Third Bancorp boosted its holdings in shares of Xenia Hotels & Resorts by 2,492.9% during the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,443 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the fourth quarter worth about $47,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.