Xenia Hotels & Resorts (NYSE:XHR) Price Target Raised to $20.00

Xenia Hotels & Resorts (NYSE:XHR) had its price target raised by Jefferies Financial Group from $18.00 to $20.00 in a report released on Thursday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on XHR. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, December 30th. Wells Fargo & Company upped their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.63.

Xenia Hotels & Resorts Trading Up 0.6 %

Shares of NYSE:XHR opened at $14.84 on Thursday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 64.52 and a beta of 1.52. The business’s 50 day moving average price is $15.24 and its 200-day moving average price is $14.50. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.23%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in Xenia Hotels & Resorts by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust’s stock worth $3,776,000 after purchasing an additional 962 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Xenia Hotels & Resorts by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,023 shares in the last quarter. MML Investors Services LLC boosted its stake in Xenia Hotels & Resorts by 12.0% in the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,338 shares during the period. Daiwa Securities Group Inc. grew its position in Xenia Hotels & Resorts by 4.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Xenia Hotels & Resorts by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock valued at $2,801,000 after purchasing an additional 1,699 shares during the period. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.