Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) have received an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.50.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Zafgen from a “buy” rating to a “hold” rating in a report on Saturday. KeyCorp assumed coverage on Baxter International in a report on Tuesday, June 25th. They issued a “sector weight” rating for the company. Finally, B. Riley set a $42.00 target price on Carbonite and gave the stock a “buy” rating in a report on Friday, May 3rd.
XHR stock traded up $0.26 during mid-day trading on Friday, reaching $21.01. The company’s stock had a trading volume of 4,156 shares, compared to its average volume of 582,172. The company has a market capitalization of $2.36 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. The business’s 50 day moving average price is $21.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.26 and a current ratio of 2.26. Xenia Hotels & Resorts has a 12 month low of $16.47 and a 12 month high of $25.08.
Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. The business had revenue of $293.69 million during the quarter, compared to the consensus estimate of $276.03 million. Xenia Hotels & Resorts had a return on equity of 8.48% and a net margin of 14.23%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Research analysts anticipate that Xenia Hotels & Resorts will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.24%. Xenia Hotels & Resorts’s payout ratio is currently 49.55%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Xenia Hotels & Resorts by 27.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 28,260 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 6,075 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $37,000. LS Investment Advisors LLC bought a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at approximately $73,000. Bremer Bank National Association bought a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at approximately $103,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at approximately $179,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
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