Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $13.50 Consensus Target Price from Analysts

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) has received an average rating of "Hold" from the five research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.50.

A number of research firms have weighed in on XHR. Wall Street Zen raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. KeyCorp decreased their target price on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Morgan Stanley dropped their price target on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XHR. Aberdeen Group plc boosted its position in Xenia Hotels & Resorts by 3.6% in the 1st quarter. Aberdeen Group plc now owns 27,543 shares of the real estate investment trust's stock valued at $324,000 after buying an additional 958 shares during the last quarter. Arete Wealth Advisors LLC boosted its stake in Xenia Hotels & Resorts by 5.4% in the first quarter. Arete Wealth Advisors LLC now owns 21,099 shares of the real estate investment trust's stock valued at $248,000 after acquiring an additional 1,085 shares during the last quarter. Metis Global Partners LLC grew its holdings in Xenia Hotels & Resorts by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock worth $174,000 after acquiring an additional 1,194 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Xenia Hotels & Resorts by 0.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust's stock valued at $1,808,000 after acquiring an additional 1,204 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Xenia Hotels & Resorts by 16.5% in the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock valued at $131,000 after purchasing an additional 1,250 shares during the period. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Up 0.0%

NYSE:XHR traded up $0.01 during trading hours on Friday, hitting $11.62. 110,594 shares of the stock traded hands, compared to its average volume of 814,824. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 50.39 and a beta of 1.60. Xenia Hotels & Resorts has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a 50 day moving average price of $11.15 and a 200 day moving average price of $13.52.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $288.93 million during the quarter, compared to analysts' expectations of $276.51 million. During the same period in the previous year, the company earned $0.44 earnings per share. The company's revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 4.82%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is 254.55%.

Xenia Hotels & Resorts announced that its board has approved a stock buyback plan on Wednesday, May 14th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.