Analysts Set Xenia Hotels & Resorts, Inc. (XHR) PT at $21.40

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned an average rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.40.

XHR has been the topic of several research analyst reports. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Wells Fargo & Company upped their price target on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the stock an “outperform” rating in a report on Friday. Instinet reaffirmed a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. BidaskClub cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet cut shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a report on Tuesday, September 26th.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/analysts-set-xenia-hotels-resorts-inc-xhr-pt-at-21-40.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAM Holding AG increased its stake in Xenia Hotels & Resorts by 1.1% in the second quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 100 shares during the last quarter. Goodwin Daniel L increased its stake in Xenia Hotels & Resorts by 0.8% in the second quarter. Goodwin Daniel L now owns 59,678 shares of the real estate investment trust’s stock valued at $1,156,000 after acquiring an additional 500 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Xenia Hotels & Resorts by 5.8% in the second quarter. Ameritas Investment Partners Inc. now owns 9,452 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 517 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Xenia Hotels & Resorts by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,568 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 571 shares during the last quarter. Finally, Westside Investment Management Inc. increased its stake in Xenia Hotels & Resorts by 4.3% in the second quarter. Westside Investment Management Inc. now owns 15,217 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 632 shares during the last quarter. 64.99% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts (NYSE:XHR) traded up 1.20% during trading on Friday, reaching $21.88. The company’s stock had a trading volume of 772,406 shares. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 16.05 and a beta of 0.80. The stock’s 50 day moving average is $20.84 and its 200 day moving average is $20.84. Xenia Hotels & Resorts has a 12 month low of $15.00 and a 12 month high of $21.89.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursda

XHR has been the topic of several research analyst reports. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Wells Fargo & Company upped their price target on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the stock an “outperform” rating in a report on Friday. Instinet reaffirmed a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. BidaskClub cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet cut shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a report on Tuesday, September 26th.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/analysts-set-xenia-hotels-resorts-inc-xhr-pt-at-21-40.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAM Holding AG increased its stake in Xenia Hotels & Resorts by 1.1% in the second quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 100 shares during the last quarter. Goodwin Daniel L increased its stake in Xenia Hotels & Resorts by 0.8% in the second quarter. Goodwin Daniel L now owns 59,678 shares of the real estate investment trust’s stock valued at $1,156,000 after acquiring an additional 500 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Xenia Hotels & Resorts by 5.8% in the second quarter. Ameritas Investment Partners Inc. now owns 9,452 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 517 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Xenia Hotels & Resorts by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,568 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 571 shares during the last quarter. Finally, Westside Investment Management Inc. increased its stake in Xenia Hotels & Resorts by 4.3% in the second quarter. Westside Investment Management Inc. now owns 15,217 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 632 shares during the last quarter. 64.99% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts (NYSE:XHR) traded up 1.20% during trading on Friday, reaching $21.88. The company’s stock had a trading volume of 772,406 shares. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 16.05 and a beta of 0.80. The stock’s 50 day moving average is $20.84 and its 200 day moving average is $20.84. Xenia Hotels & Resorts has a 12 month low of $15.00 and a 12 month high of $21.89.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 5.03%. Xenia Hotels & Resorts’s dividend payout ratio is presently 81.48%.

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.

Receive News & Ratings for Xenia Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply