Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) PT at $13.50

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) has received an average recommendation of "Hold" from the five research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.50.

XHR has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. StockNews.com lowered Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Jefferies Financial Group downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. KeyCorp cut their price target on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, Morgan Stanley lowered their price objective on shares of 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.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds have recently made changes to their positions in the stock. GF Fund Management CO. LTD. purchased a new position in Xenia Hotels & Resorts in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $30,000. Fifth Third Bancorp raised its stake in shares of Xenia Hotels & Resorts by 2,492.9% during the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 2,443 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Xenia Hotels & Resorts during the fourth quarter valued at approximately $47,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Trading Up 1.6 %

XHR stock traded up $0.17 during midday trading on Tuesday, reaching $10.58. The company's stock had a trading volume of 621,944 shares, compared to its average volume of 801,003. Xenia Hotels & Resorts has a 1 year low of $8.55 and a 1 year high of $16.50. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 46.00 and a beta of 1.38. The stock has a fifty day simple moving average of $11.78 and a two-hundred day simple moving average of $13.89. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The company had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. The firm's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. On average, equities research analysts predict that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.29%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 373.33%.

About Xenia Hotels & Resorts

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