Xenia Hotels & Resorts (NYSE:XHR) Sets New 12-Month High - Should You Buy?

Key Points

• Xenia Hotels & Resorts hit a 52-week high, trading as high as $22.12, up from its previous close of $21.39.
• Analyst views are mixed: the consensus rating is Moderate Buy, but the average $20.12 price target is below the stock’s recent trading price of about $22.07.
• The REIT’s latest quarterly results beat estimates: it reported a loss of $0.03 per share versus expectations of a $0.10 loss, while revenue of $263.83 million exceeded forecasts and rose 11.6% year over year.

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $22.12 and last traded at $22.07, with a volume of 115,804 shares trading hands. The stock had previously closed at $21.39.

Analysts Set New Price Targets

Several research firms have weighed in on XHR. Wall Street Zen raised shares of Xenia Hotels & Resorts from a "hold" rating to a "buy" rating in a research report on Saturday. BMO Capital Markets lowered shares of Xenia Hotels & Resorts from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $22.00 to $20.50 in a research report on Tuesday, September 1st. Weiss Ratings raised shares of Xenia Hotels & Resorts from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, October 28th. Finally, Wells Fargo & Company boosted their target price on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.12.

Xenia Hotels & Resorts Price Performance

The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 554.76 and a beta of 1.19. The stock has a fifty day simple moving average of $18.78 and a 200-day simple moving average of $17.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.35 and a quick ratio of 2.35.

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

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.14 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.5%. Xenia Hotels & Resorts's dividend payout ratio is 1,400.00%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of XHR. BlackRock Inc. acquired a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $348,760,000. Allspring Global Investments Holdings LLC boosted its stake in Xenia Hotels & Resorts by 26.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,336,404 shares of the real estate investment trust's stock worth $42,219,000 after purchasing an additional 487,999 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Xenia Hotels & Resorts by 4.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,677,259 shares of the real estate investment trust's stock worth $39,704,000 after buying an additional 121,052 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Xenia Hotels & Resorts by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,340,418 shares of the real estate investment trust's stock valued at $19,878,000 after buying an additional 8,858 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Xenia Hotels & Resorts in the second quarter valued at about $19,560,000. Hedge funds and other institutional investors own 92.43% of the company's stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia's properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company's portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.

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