Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) Target Price at $16.38

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.38.

A number of equities analysts have recently weighed in on XHR shares. B. Riley lowered their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $16.00 to $15.00 in a report on Friday, September 13th.

Xenia Hotels & Resorts Price Performance

Shares of NYSE:XHR opened at $14.77 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $14.66 and a two-hundred day moving average of $14.26. The stock has a market cap of $1.50 billion, a P/E ratio of 64.39 and a beta of 1.51. Xenia Hotels & Resorts has a 52-week low of $12.05 and a 52-week high of $15.84.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.25%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of XHR. Wellington Management Group LLP boosted its stake in shares of Xenia Hotels & Resorts by 5.0% in the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after buying an additional 465,141 shares in the last quarter. State Street Corp raised its holdings in Xenia Hotels & Resorts by 1.8% during the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock worth $91,597,000 after purchasing an additional 108,798 shares during the last quarter. Geode Capital Management LLC raised its holdings in Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after purchasing an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Xenia Hotels & Resorts by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after purchasing an additional 59,212 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Xenia Hotels & Resorts by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,481,995 shares of the real estate investment trust’s stock worth $21,236,000 after purchasing an additional 45,787 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.