Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $12.90 Average Target Price from Analysts

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

A number of equities analysts have recently weighed in on XHR shares. Morgan Stanley cut 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 report on Tuesday, April 22nd. Jefferies Financial Group lowered shares of 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. 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. Wells Fargo & Company upped 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 report on Tuesday, July 1st. Finally, KeyCorp dropped their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, March 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock worth $35,102,000 after buying an additional 30,186 shares during the last quarter. Millennium Management LLC lifted its position in shares of Xenia Hotels & Resorts by 17.8% in the 1st quarter. Millennium Management LLC now owns 2,126,198 shares of the real estate investment trust's stock worth $25,004,000 after buying an additional 321,343 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Xenia Hotels & Resorts by 7.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock worth $26,580,000 after buying an additional 126,193 shares during the last quarter. Northern Trust Corp lifted its position in shares of Xenia Hotels & Resorts by 37.5% in the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock worth $24,833,000 after buying an additional 455,757 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Xenia Hotels & Resorts by 258.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust's stock worth $24,599,000 after buying an additional 1,193,990 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE:XHR traded down $0.21 during midday trading on Friday, hitting $12.89. The stock had a trading volume of 928,892 shares, compared to its average volume of 836,510. The company has a market capitalization of $1.27 billion, a PE ratio of 58.59 and a beta of 1.64. The stock has a 50 day moving average price of $12.20 and a two-hundred day moving average price of $12.79. 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 1 year low of $8.55 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $288.93 million for the quarter, compared to the consensus estimate of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, equities analysts predict that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 4.34%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 254.55%.

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.