Wells Fargo & Company Raises Xenia Hotels & Resorts, Inc. (XHR) Price Target to $20.00
Xenia Hotels & Resorts, Inc. (NYSE:XHR) had its price target increased by Wells Fargo & Company from $19.50 to $20.00 in a report published on Friday. The firm currently has an outperform rating on the real estate investment trust’s stock.
XHR has been the topic of a number of other reports. Morgan Stanley upped their target price on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an equal weight rating in a research report on Friday, June 16th. Zacks Investment Research raised Xenia Hotels & Resorts from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Friday, September 8th. TheStreet raised Xenia Hotels & Resorts from a c+ rating to a b- rating in a research report on Wednesday, June 21st. ValuEngine raised Xenia Hotels & Resorts from a buy rating to a strong-buy rating in a research report on Friday. Finally, BidaskClub raised Xenia Hotels & Resorts from a hold rating to a buy rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $21.40.
Xenia Hotels & Resorts (XHR) opened at 21.62 on Friday. The firm has a 50-day moving average of $20.79 and a 200 day moving average of $20.79. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.86 and a beta of 0.80. Xenia Hotels & Resorts has a 52 week low of $15.00 and a 52 week high of $21.76.
Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The company had revenue of $244.39 million for the quarter, compared to analyst estimates of $231.65 million. During the same period in the prior year, the company posted $0.65 EPS. Xenia Hotels & Resorts’s quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts anticipate that Xenia Hotels & Resorts will post $0.90 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued 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 dividend yield of 5.09%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 81.48%.
Several hedge funds and other institutional investors have recently modified their holdings of XHR. MPS Loria Financial Planners LLC bought a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Xenia Hotels & Resorts by 10.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 657 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at approximately $153,000. New York State Teachers Retirement System bought a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at approximately $154,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at approximately $171,000. Institutional investors and hedge funds own 64.99% of the company’s stock.
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.
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