Xenia Hotels & Resorts, Inc. (XHR) Now Covered by Analysts at FBR & Co

FBR & Co started coverage on shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) in a report released on Friday. The firm issued a neutral rating and a $23.00 target price on the real estate investment trust’s stock.

Several other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a buy rating to a hold rating in a report on Tuesday, September 26th. BidaskClub lowered shares of Xenia Hotels & Resorts from a buy rating to a hold rating in a report on Monday, July 24th. Instinet reaffirmed a buy rating and issued a $22.00 target price on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. TheStreet raised shares of Xenia Hotels & Resorts from a c+ rating to a b- rating in a report on Wednesday, October 11th. Finally, ValuEngine raised shares of Xenia Hotels & Resorts from a buy rating to a strong-buy rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $21.67.

Shares of Xenia Hotels & Resorts (NYSE:XHR) traded down 0.05% during mid-day trading on Friday, reaching $21.58. 488,352 shares of the company traded hands. The stock’s 50 day moving average is $21.21 and its 200 day moving average is $19.60. Xenia Hotels & Resorts has a 52-week low of $15.00 and a 52-week high of $22.30. The stock has a market capitalization of $2.30 billion, a PE ratio of 15.83 and a beta of 0.80.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The business had revenue of $244.39 million for the quarter, compared to analyst estimates of $231.65 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts anticipate that Xenia Hotels & Resorts will post $0.90 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date was Thursday, September 28th. Xenia Hotels & Resorts’s dividend payout ratio is currently 81.48%.

A number of large investors have recently modified their holdings of XHR. MPS Loria Financial Planners LLC bought a new stake in Xenia Hotels & Resorts during the 2nd quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Xenia Hotels & Resorts by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,568 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 571 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Xenia Hotels & Resorts during the 1st quarter worth about $154,000. Utah Retirement Systems bought a new stake in Xenia Hotels & Resorts during the 1st quarter worth about $174,000. Finally, GAM Holding AG grew its holdings in Xenia Hotels & Resorts by 1.1% during the 2nd quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 100 shares during the last quarter. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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