Xenia Hotels & Resorts (NYSE:XHR) Hits New 52-Week High – Here’s Why

Xenia Hotels & Resorts, Inc. (NYSE:XHR)’s share price hit a new 52-week high during trading on Monday. The company traded as high as $22.12 and last traded at $22.07, with a volume of 115,804 shares traded. The stock had previously closed at $21.39.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XHR shares. BMO Capital Markets downgraded shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $22.00 to $20.50 in a report on Tuesday, September 1st. Wall Street Zen upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Finally, Wells Fargo & Company raised their target price on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.12.

Xenia Hotels & Resorts Price Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.35 and a current ratio of 2.35. The stock’s 50-day moving average is $18.78 and its two-hundred day moving average is $17.72. The stock has a market cap of $2.05 billion, a PE ratio of 554.76 and a beta of 1.19.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. Xenia Hotels & Resorts had a return on equity of 0.33% and a net margin of 0.34%. The company had revenue of $263.83 million for the quarter, compared to analyst estimates of $256.91 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.89 earnings per share for the current year.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.56 annualized dividend and a yield of 2.5%. Xenia Hotels & Resorts’s dividend payout ratio is presently 1,400.00%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of hedge funds have recently added to or reduced their stakes in XHR. Global Retirement Partners LLC acquired a new position in Xenia Hotels & Resorts during the second quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth about $34,000. Fortitude Family Office LLC purchased a new position in shares of Xenia Hotels & Resorts during the 3rd quarter worth approximately $32,000. Allworth Financial LP acquired a new stake in Xenia Hotels & Resorts in the second quarter valued at $37,000. Finally, Nykredit A S acquired a new stake in shares of Xenia Hotels & Resorts in the second quarter valued at about $39,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia’s properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company’s portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.