Wells Fargo & Company Raises Xenia Hotels & Resorts Inc (XHR) Price Target to $20.00

Xenia Hotels & Resorts Inc (NYSE:XHR) had its price objective lifted by Wells Fargo & Company from $19.50 to $20.00 in a report issued on Friday. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a buy rating to a hold rating in a research note on Tuesday, September 26th. TheStreet raised shares of Xenia Hotels & Resorts from a c+ rating to a b- rating in a research note on Wednesday, June 21st. BidaskClub lowered shares of Xenia Hotels & Resorts from a buy rating to a hold rating in a research note on Monday, July 24th. Morgan Stanley lifted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an equal weight rating in a research note on Friday, June 16th. Finally, Instinet reaffirmed a buy rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $21.40.

Shares of Xenia Hotels & Resorts (NYSE:XHR) opened at 21.39 on Friday. Xenia Hotels & Resorts has a 12 month low of $15.00 and a 12 month high of $21.49. The firm’s 50-day moving average is $20.75 and its 200 day moving average is $20.75. The stock has a market cap of $2.28 billion, a PE ratio of 15.69 and a beta of 0.80.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.18 by $0.41. The company had revenue of $244.39 million during the quarter, compared to analyst estimates of $231.65 million. Xenia Hotels & Resorts had a net margin of 29.05% and a return on equity of 17.06%. Xenia Hotels & Resorts’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, equities analysts predict that Xenia Hotels & Resorts will post $0.90 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, September 28th. Xenia Hotels & Resorts’s dividend payout ratio is currently 81.48%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Xenia Hotels & Resorts by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock valued at $345,781,000 after purchasing an additional 478,107 shares during the period. BlackRock Inc. boosted its stake in shares of Xenia Hotels & Resorts by 2.3% during the second quarter. BlackRock Inc. now owns 9,754,449 shares of the real estate investment trust’s stock valued at $188,943,000 after purchasing an additional 220,934 shares during the period. State Street Corp boosted its stake in shares of Xenia Hotels & Resorts by 5.4% during the second quarter. State Street Corp now owns 3,903,944 shares of the real estate investment trust’s stock valued at $75,621,000 after purchasing an additional 199,990 shares during the period. LSV Asset Management purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at $45,138,000. Finally, Prudential Financial Inc. boosted its stake in shares of Xenia Hotels &#

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a buy rating to a hold rating in a research note on Tuesday, September 26th. TheStreet raised shares of Xenia Hotels & Resorts from a c+ rating to a b- rating in a research note on Wednesday, June 21st. BidaskClub lowered shares of Xenia Hotels & Resorts from a buy rating to a hold rating in a research note on Monday, July 24th. Morgan Stanley lifted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an equal weight rating in a research note on Friday, June 16th. Finally, Instinet reaffirmed a buy rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $21.40.

Shares of Xenia Hotels & Resorts (NYSE:XHR) opened at 21.39 on Friday. Xenia Hotels & Resorts has a 12 month low of $15.00 and a 12 month high of $21.49. The firm’s 50-day moving average is $20.75 and its 200 day moving average is $20.75. The stock has a market cap of $2.28 billion, a PE ratio of 15.69 and a beta of 0.80.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.18 by $0.41. The company had revenue of $244.39 million during the quarter, compared to analyst estimates of $231.65 million. Xenia Hotels & Resorts had a net margin of 29.05% and a return on equity of 17.06%. Xenia Hotels & Resorts’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, equities analysts predict that Xenia Hotels & Resorts will post $0.90 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/09/wells-fargo-company-raises-xenia-hotels-resorts-inc-xhr-price-target-to-20-00.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, September 28th. Xenia Hotels & Resorts’s dividend payout ratio is currently 81.48%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Xenia Hotels & Resorts by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock valued at $345,781,000 after purchasing an additional 478,107 shares during the period. BlackRock Inc. boosted its stake in shares of Xenia Hotels & Resorts by 2.3% during the second quarter. BlackRock Inc. now owns 9,754,449 shares of the real estate investment trust’s stock valued at $188,943,000 after purchasing an additional 220,934 shares during the period. State Street Corp boosted its stake in shares of Xenia Hotels & Resorts by 5.4% during the second quarter. State Street Corp now owns 3,903,944 shares of the real estate investment trust’s stock valued at $75,621,000 after purchasing an additional 199,990 shares during the period. LSV Asset Management purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at $45,138,000. Finally, Prudential Financial Inc. boosted its stake in shares of Xenia Hotels & Resorts by 80.0% during the second quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock valued at $43,071,000 after purchasing an additional 988,011 shares during the period. 64.98% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Company Profile

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.

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