Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) shares passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $18.44 and traded as high as $19.78. Xenia Hotels & Resorts shares last traded at $19.5120, with a volume of 549,395 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have issued reports on XHR. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Weiss Ratings cut Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a research report on Thursday, August 13th. Finally, BMO Capital Markets cut Xenia Hotels & Resorts from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $22.00 to $20.50 in a research report on Tuesday, September 1st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $20.12.
View Our Latest Analysis on XHR
Xenia Hotels & Resorts Price Performance
The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -278.70 and a beta of 1.18. The company has a fifty day moving average price of $18.44 and a two-hundred day moving average price of $18.44.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.37. Xenia Hotels & Resorts had a negative net margin of 0.66% and a negative return on equity of 0.61%. The business had revenue of $295.49 million for the quarter, compared to analysts' expectations of $302.39 million. During the same period in the previous year, the company posted $0.57 EPS. The company's quarterly revenue was up 2.7% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. On average, equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.89 EPS for the current fiscal year.
Xenia Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.14 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a yield of 2.9%. Xenia Hotels & Resorts's payout ratio is currently -800.00%.
Institutional Investors Weigh In On Xenia Hotels & Resorts
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter worth about $26,000. Fortitude Family Office LLC purchased a new position in shares of Xenia Hotels & Resorts during the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Xenia Hotels & Resorts during the second quarter worth about $34,000. Allworth Financial LP acquired a new position in Xenia Hotels & Resorts in the 2nd quarter valued at about $37,000. Finally, Nykredit A S acquired a new position in Xenia Hotels & Resorts in the 2nd quarter valued at about $39,000. 92.43% of the stock is owned by hedge funds and other institutional investors.
Xenia Hotels & Resorts Company Profile
(
Get Free Report)
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.
Further Reading
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