Xenia Hotels & Resorts (NYSE:XHR) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Xenia Hotels & Resorts (NYSE:XHR – Free Report) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other brokerages have also issued reports on XHR. Wells Fargo & Company boosted their target price on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. BMO Capital Markets downgraded shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $22.00 to $20.50 in a report on Tuesday, September 1st. Finally, Weiss Ratings upgraded shares of Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.12.

Check Out Our Latest Analysis on Xenia Hotels & Resorts

Xenia Hotels & Resorts Stock Performance

XHR opened at $21.95 on Friday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 10.68 and a beta of 1.19. The stock’s 50 day moving average price is $18.83 and its two-hundred day moving average price is $17.76. The company has a quick ratio of 2.47, a current ratio of 2.35 and a debt-to-equity ratio of 1.18. Xenia Hotels & Resorts has a 12-month low of $13.39 and a 12-month high of $22.20.

Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.07. Xenia Hotels & Resorts had a return on equity of 0.33% and a net margin of 0.34%. The company had revenue of $263.83 million for the quarter, compared to the consensus estimate of $256.91 million. During the same period in the previous year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts forecast that Xenia Hotels & Resorts will post 1.89 earnings per share for the current year.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 1,400.00%.

Institutional Trading of Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC raised its position in shares of Xenia Hotels & Resorts by 1.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 39,131 shares of the real estate investment trust’s stock valued at $797,000 after acquiring an additional 696 shares during the period. Fifth Third Bancorp grew its holdings in Xenia Hotels & Resorts by 25.6% during the third quarter. Fifth Third Bancorp now owns 4,112 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 837 shares during the period. Global Retirement Partners LLC acquired a new position in Xenia Hotels & Resorts during the second quarter valued at approximately $26,000. Diversified Trust Co grew its holdings in Xenia Hotels & Resorts by 3.1% during the third quarter. Diversified Trust Co now owns 47,238 shares of the real estate investment trust’s stock valued at $853,000 after purchasing an additional 1,422 shares during the period. Finally, Hsbc Holdings PLC increased its stake in Xenia Hotels & Resorts by 0.9% in the second quarter. Hsbc Holdings PLC now owns 186,925 shares of the real estate investment trust’s stock valued at $3,806,000 after purchasing an additional 1,609 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Company Profile

(Get Free Report)

Xenia Hotels & Resorts, Inc is a real estate investment trust focused on owning luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are concentrated in major U.S. lodging markets and popular leisure destinations.

The company’s hotels operate under a range of well-known hospitality brands and are generally managed by third-party operators. This structure allows Xenia to focus on investing in and overseeing its hotel real estate while operators handle day-to-day guest services.

Xenia became a publicly traded company in 2015 following its separation from Inland American Real Estate Trust.

Further Reading