B. Riley set a $25.00 target price on Xenia Hotels & Resorts (NYSE:XHR) in a research note released on Tuesday morning. The firm currently has a hold rating on the real estate investment trust’s stock.
Several other equities analysts have also issued reports on XHR. Zacks Investment Research upgraded Xenia Hotels & Resorts from a hold rating to a buy rating and set a $26.00 price target on the stock in a research note on Friday, October 5th. Wells Fargo & Co lowered their price target on Xenia Hotels & Resorts from $26.00 to $25.00 and set a market perform rating on the stock in a research note on Tuesday, August 28th. Morgan Stanley upped their price objective on Xenia Hotels & Resorts from $21.00 to $22.00 and gave the company an equal weight rating in a research note on Friday, August 3rd. Finally, ValuEngine lowered Xenia Hotels & Resorts from a buy rating to a hold rating in a research note on Thursday, October 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $25.67.
Shares of XHR opened at $20.50 on Tuesday. Xenia Hotels & Resorts has a 12-month low of $19.08 and a 12-month high of $25.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.45 and a current ratio of 1.95. The stock has a market cap of $2.23 billion, a P/E ratio of 9.95, a PEG ratio of 1.57 and a beta of 1.03.
Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). Xenia Hotels & Resorts had a net margin of 9.93% and a return on equity of 5.96%. The firm had revenue of $241.00 million for the quarter, compared to the consensus estimate of $240.55 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Xenia Hotels & Resorts will post 2.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.275 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.37%. Xenia Hotels & Resorts’s dividend payout ratio is currently 53.40%.
Several hedge funds have recently added to or reduced their stakes in XHR. Millennium Management LLC grew its stake in shares of Xenia Hotels & Resorts by 122.7% in the 1st quarter. Millennium Management LLC now owns 212,078 shares of the real estate investment trust’s stock valued at $4,182,000 after purchasing an additional 116,841 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Xenia Hotels & Resorts by 27.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 15,232 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 3,300 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Xenia Hotels & Resorts by 591.0% in the 1st quarter. Allianz Asset Management GmbH now owns 70,424 shares of the real estate investment trust’s stock worth $1,388,000 after acquiring an additional 60,233 shares in the last quarter. Evanson Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts in the 2nd quarter worth approximately $219,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Xenia Hotels & Resorts in the 2nd quarter worth approximately $214,000. Institutional investors own 76.09% 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 premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.
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