Xenia Hotels & Resorts (NYSE:XHR) Sets New 52-Week High After Analyst Upgrade

Xenia Hotels & Resorts, Inc. (NYSE:XHR)’s share price hit a new 52-week high on Tuesday after Wells Fargo & Company raised their price target on the stock from $17.00 to $18.00. Wells Fargo & Company currently has an overweight rating on the stock. Xenia Hotels & Resorts traded as high as $16.34 and last traded at $16.31, with a volume of 58245 shares. The stock had previously closed at $16.21.

Separately, StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.13.

Institutional Trading of Xenia Hotels & Resorts

Hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $25,000. Loomis Sayles & Co. L P boosted its stake in Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 buying an additional 1,023 shares during the period. International Assets Investment Management LLC raised its stake in shares of Xenia Hotels & Resorts by 2,559.7% in the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 9,394 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Xenia Hotels & Resorts in the 2nd quarter valued at $147,000. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Stock Up 0.6 %

The company has a market capitalization of $1.66 billion, a P/E ratio of 70.48 and a beta of 1.52. The business’s fifty day moving average price is $15.03 and its 200 day moving average price is $14.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

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 paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is 208.70%.

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.