Xenia Hotels & Resorts Inc (NYSE:XHR) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.40.
Several brokerages recently commented on XHR. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. B. Riley set a $24.00 target price on Xenia Hotels & Resorts and gave the company a “hold” rating in a report on Friday, May 3rd.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in Xenia Hotels & Resorts by 6,096.6% during the 1st quarter. Principal Financial Group Inc. now owns 917,405 shares of the real estate investment trust’s stock valued at $20,100,000 after purchasing an additional 902,600 shares in the last quarter. Jennison Associates LLC grew its stake in Xenia Hotels & Resorts by 76.7% during the 1st quarter. Jennison Associates LLC now owns 67,023 shares of the real estate investment trust’s stock valued at $1,468,000 after purchasing an additional 29,092 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Xenia Hotels & Resorts during the 1st quarter valued at approximately $212,000. Swiss National Bank grew its stake in Xenia Hotels & Resorts by 3.7% during the 1st quarter. Swiss National Bank now owns 205,180 shares of the real estate investment trust’s stock valued at $4,495,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its stake in Xenia Hotels & Resorts by 6.9% during the 1st quarter. Commonwealth Bank of Australia now owns 168,731 shares of the real estate investment trust’s stock valued at $3,692,000 after purchasing an additional 10,903 shares in the last quarter. Hedge funds and other institutional investors own 78.20% of the company’s stock.
Shares of NYSE:XHR traded down $0.07 during mid-day trading on Friday, hitting $22.61. 431,925 shares of the company traded hands, compared to its average volume of 996,636. The company has a market cap of $2.55 billion, a P/E ratio of 10.18, a PEG ratio of 2.26 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.31 and a current ratio of 2.31. Xenia Hotels & Resorts has a 52-week low of $16.47 and a 52-week high of $25.90.
Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.49 by $0.04. The business had revenue of $293.69 million for the quarter, compared to the consensus estimate of $276.03 million. Xenia Hotels & Resorts had a return on equity of 8.50% and a net margin of 14.23%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. Analysts predict that Xenia Hotels & Resorts will post 2.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.10 dividend on an annualized basis and a yield of 4.87%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 49.55%.
About Xenia Hotels & Resorts
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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