Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives Average Rating of "Hold" from Analysts

Key Points

• Xenia Hotels & Resorts, Inc. has received an average broker rating of "Hold," with one sell, two holds, and two buy ratings from analysts.
• Recent analyst reports show a range of target price adjustments, with Morgan Stanley lowering its target from $11.00 to $9.00 while Wells Fargo raised theirs from $12.00 to $14.00.
• The company announced a quarterly dividend of $0.14 per share, translating to an annual yield of 4.42%, though its payout ratio stands at 254.55%.

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) have been assigned a consensus rating of "Hold" from the five brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $12.90.

A number of analysts recently issued reports on XHR shares. Jefferies Financial Group downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price target on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Morgan Stanley decreased their price target on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd.

Xenia Hotels & Resorts Stock Down 1.9%

NYSE XHR traded down $0.24 during trading on Thursday, hitting $12.47. The stock had a trading volume of 1,712,532 shares, compared to its average volume of 1,183,905. The company has a market capitalization of $1.23 billion, a PE ratio of 19.79 and a beta of 1.72. Xenia Hotels & Resorts has a 12 month low of $8.55 and a 12 month high of $16.50. The company's 50-day moving average price is $12.62 and its two-hundred day moving average price is $12.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.95 and a current ratio of 1.95.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. The business had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Xenia Hotels & Resorts announced that its board has authorized a share buyback program on Wednesday, May 14th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.5%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 254.55%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Xenia Hotels & Resorts in the 4th quarter valued at $324,000. American Century Companies Inc. acquired a new position in Xenia Hotels & Resorts in the 4th quarter valued at $470,000. Sei Investments Co. acquired a new position in Xenia Hotels & Resorts in the 4th quarter valued at $1,270,000. KLP Kapitalforvaltning AS acquired a new position in Xenia Hotels & Resorts in the 4th quarter valued at $289,000. Finally, LPL Financial LLC raised its holdings in Xenia Hotels & Resorts by 6.7% in the 4th quarter. LPL Financial LLC now owns 91,881 shares of the real estate investment trust's stock valued at $1,365,000 after acquiring an additional 5,742 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company's stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.