BMO Capital Markets began coverage on shares of Xenia Hotels & Resorts (NYSE:XHR) in a research report report published on Wednesday, AnalystRatings.com reports. The brokerage issued a market perform rating and a $21.00 price objective on the real estate investment trust’s stock.
Several other research analysts have also weighed in on the company. KeyCorp assumed coverage on Xenia Hotels & Resorts in a research report on Tuesday, June 25th. They set an overweight rating and a $24.00 price target on the stock. Zacks Investment Research reissued a hold rating on shares of Xenia Hotels & Resorts in a research report on Saturday, October 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Xenia Hotels & Resorts currently has an average rating of Hold and an average target price of $22.00.
Shares of NYSE XHR traded down $0.73 during mid-day trading on Wednesday, hitting $20.00. 17,414 shares of the company traded hands, compared to its average volume of 489,384. Xenia Hotels & Resorts has a 1 year low of $16.47 and a 1 year high of $23.33. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.98 and a beta of 1.03. 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 business has a 50 day moving average of $20.92 and a two-hundred day moving average of $21.26.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results 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. The firm had revenue of $304.30 million for the quarter, compared to analyst estimates of $292.57 million. Xenia Hotels & Resorts had a return on equity of 7.82% and a net margin of 12.44%. Xenia Hotels & Resorts’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. As a group, research analysts anticipate that Xenia Hotels & Resorts will post 2.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Friday, September 27th. Xenia Hotels & Resorts’s payout ratio is 49.55%.
Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new position in Xenia Hotels & Resorts in the 2nd quarter worth about $37,000. Point72 Hong Kong Ltd acquired a new position in Xenia Hotels & Resorts in the 2nd quarter worth about $40,000. Steward Partners Investment Advisory LLC acquired a new position in Xenia Hotels & Resorts in the 2nd quarter worth about $45,000. Point72 Asset Management L.P. acquired a new position in Xenia Hotels & Resorts in the 2nd quarter worth about $54,000. Finally, Coastal Investment Advisors Inc. acquired a new position in Xenia Hotels & Resorts in the 2nd quarter worth about $72,000. 87.58% of the stock is currently 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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