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

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) has been given a consensus rating of "Hold" by the five research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.50.

XHR has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective 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. KeyCorp cut 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 report on Monday, March 24th. Morgan Stanley reduced 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 lowered their price objective for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. Finally, Wall Street Zen upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Monday, May 5th.

Xenia Hotels & Resorts Trading Down 1.2%

Shares of NYSE:XHR traded down $0.16 during trading hours on Wednesday, hitting $12.37. 736,167 shares of the company's stock traded hands, compared to its average volume of 820,109. The firm has a market capitalization of $1.22 billion, a P/E ratio of 53.76 and a beta of 1.66. The business has a fifty day moving average price of $11.11 and a 200-day moving average price of $13.22. Xenia Hotels & Resorts has a 1 year low of $8.55 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.

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

Xenia Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Monday, June 30th. Xenia Hotels & Resorts's payout ratio is currently 254.55%.

Xenia Hotels & Resorts announced that its Board of Directors has initiated a share buyback 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 buy up to 8.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Institutional Trading of Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of XHR. Charles Schwab Investment Management Inc. boosted its position in shares of Xenia Hotels & Resorts by 1.3% during the fourth 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 period. Millennium Management LLC lifted its stake in Xenia Hotels & Resorts by 17.8% during 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 acquiring an additional 321,343 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Xenia Hotels & Resorts by 7.6% during 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 acquiring an additional 126,193 shares in the last quarter. Northern Trust Corp boosted its holdings in Xenia Hotels & Resorts by 37.5% during the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after acquiring an additional 455,757 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in 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 valued at $24,599,000 after acquiring an additional 1,193,990 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

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.