Xenia Hotels & Resorts (NYSE:XHR) Price Target Cut to $16.00 by Analysts at KeyCorp

Xenia Hotels & Resorts (NYSE:XHR) had its price objective decreased by KeyCorp from $17.00 to $16.00 in a report published on Monday morning, Marketbeat Ratings reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on the company. Jefferies Financial Group boosted their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company reduced their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.13.

Xenia Hotels & Resorts Stock Performance

XHR opened at $12.29 on Monday. The firm’s 50-day moving average price is $13.91 and its 200-day moving average price is $14.59. The company has a market cap of $1.25 billion, a P/E ratio of 53.42 and a beta of 1.47. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts has a 52-week low of $12.04 and a 52-week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.34. The business had revenue of $261.80 million during the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. As a group, equities analysts anticipate that Xenia Hotels & Resorts will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.56%. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 373.33%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of Xenia Hotels & Resorts by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after purchasing an additional 465,141 shares in the last quarter. State Street Corp grew its position in Xenia Hotels & Resorts by 1.8% during the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock valued at $91,597,000 after buying an additional 108,798 shares during the period. Geode Capital Management LLC increased its holdings in Xenia Hotels & Resorts by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after buying an additional 60,323 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Xenia Hotels & Resorts by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust’s stock worth $35,102,000 after acquiring an additional 30,186 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Xenia Hotels & Resorts by 3.0% during the 4th quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust’s stock worth $26,820,000 after acquiring an additional 52,690 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.