According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT. The company invests primarily in premium full service, lifestyle, urban upscale hotels, lodging markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “
Other research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a buy rating to a hold rating and decreased their price objective for the company from $26.00 to $22.00 in a report on Thursday, October 17th. They noted that the move was a valuation call. BMO Capital Markets started coverage on shares of Xenia Hotels & Resorts in a report on Wednesday, October 16th. They set a market perform rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $22.00.
XHR opened at $20.87 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $21.01 and a 200-day moving average price of $21.19. Xenia Hotels & Resorts has a twelve month low of $16.47 and a twelve month high of $23.33. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.00 and a beta of 1.03.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. Xenia Hotels & Resorts had a net margin of 12.44% and a return on equity of 7.82%. The firm had revenue of $304.30 million during the quarter, compared to analysts’ expectations of $292.57 million. During the same period in the previous year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts expect that Xenia Hotels & Resorts will post 2.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.275 per share. The ex-dividend date was Friday, September 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.27%. Xenia Hotels & Resorts’s payout ratio is 49.55%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth $37,000. Point72 Hong Kong Ltd purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth $40,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $45,000. Point72 Asset Management L.P. purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $54,000. Finally, Coastal Investment Advisors Inc. purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $72,000. 87.55% of the stock is owned by hedge funds and other institutional investors.
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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