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

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) have been given an average recommendation of "Hold" by the five research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.90.

Several equities analysts have commented on the stock. KeyCorp dropped their price target on shares of 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. Wells Fargo & Company lifted their price target on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. Wall Street Zen raised Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Finally, Morgan Stanley reduced their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock opened at $13.20 on Friday. The company has a market cap of $1.30 billion, a P/E ratio of 60.00 and a beta of 1.64. The firm has a fifty day moving average price of $12.06 and a 200 day moving average price of $12.81. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.14. Xenia Hotels & Resorts has a 12 month low of $8.55 and a 12 month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. Xenia Hotels & Resorts had a return on equity of 1.80% and a net margin of 2.19%. The business had revenue of $288.93 million during the quarter, compared to analysts' expectations of $276.51 million. During the same period in the prior year, the firm posted $0.44 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

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 shares. This buyback authorization authorizes the real estate investment trust to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.14 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.24%. Xenia Hotels & Resorts's dividend payout ratio is presently 254.55%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of XHR. GF Fund Management CO. LTD. purchased a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new stake in Xenia Hotels & Resorts in the 4th quarter valued at approximately $30,000. Smartleaf Asset Management LLC boosted its holdings in 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 purchasing an additional 1,657 shares in the last quarter. Allworth Financial LP increased its position in Xenia Hotels & Resorts by 231.4% during the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,798 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $47,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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.

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