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

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) has been given a consensus rating of "Hold" by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $13.50.

XHR has been the subject of a number of recent research reports. Wall Street Zen upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Morgan Stanley lowered their price objective on 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. KeyCorp lowered their price objective 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. Wells Fargo & Company reduced their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th.

Xenia Hotels & Resorts Stock Down 3.0%

Shares of XHR traded down $0.37 during trading on Wednesday, reaching $11.94. The company's stock had a trading volume of 841,503 shares, compared to its average volume of 818,143. The company has a fifty day moving average of $11.27 and a two-hundred day moving average of $13.16. Xenia Hotels & Resorts has a twelve month low of $8.55 and a twelve month high of $16.50. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 51.92 and a beta of 1.66. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced 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 return on equity of 1.86% and a net margin of 2.37%. The company had revenue of $288.93 million for the quarter, compared to analyst estimates of $276.51 million. During the same period in the prior year, the company posted $0.44 EPS. Xenia Hotels & Resorts's quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that Xenia Hotels & Resorts will post 1.46 EPS for the current fiscal year.

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

Xenia Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Monday, June 30th. Xenia Hotels & Resorts's dividend payout ratio is 254.55%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several hedge funds have recently modified their holdings of XHR. Barclays PLC lifted its holdings in shares of Xenia Hotels & Resorts by 295.7% during the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock valued at $2,555,000 after purchasing an additional 129,328 shares during the last quarter. abrdn plc raised its position in Xenia Hotels & Resorts by 30.6% during the fourth quarter. abrdn plc now owns 26,585 shares of the real estate investment trust's stock valued at $401,000 after buying an additional 6,232 shares during the period. Entropy Technologies LP acquired a new position in Xenia Hotels & Resorts during the fourth quarter valued at $157,000. Allspring Global Investments Holdings LLC raised its position in Xenia Hotels & Resorts by 28.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 230,574 shares of the real estate investment trust's stock valued at $3,425,000 after buying an additional 51,182 shares during the period. Finally, Van ECK Associates Corp raised its position in Xenia Hotels & Resorts by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 19,312 shares of the real estate investment trust's stock valued at $287,000 after buying an additional 1,790 shares during the period. 92.43% of the stock is 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.