Xenia Hotels & Resorts (NYSE:XHR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from a hold rating to a buy rating in a report released on Saturday.

Several other equities analysts have also weighed in on XHR. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. BMO Capital Markets raised their price target on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Xenia Hotels & Resorts in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $13.20.

Xenia Hotels & Resorts Stock Up 2.2%

XHR stock opened at $12.57 on Friday. The company’s 50-day moving average price is $13.71 and its 200 day moving average price is $12.81. Xenia Hotels & Resorts has a 52 week low of $8.55 and a 52 week high of $16.50. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.20 billion, a P/E ratio of 19.95 and a beta of 1.73.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.39. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The business had revenue of $236.42 million for the quarter, compared to analyst estimates of $236.16 million. During the same period in the previous year, the firm earned $0.25 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. On average, research analysts expect that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AlphaQuest LLC raised its position in Xenia Hotels & Resorts by 384.9% in the third quarter. AlphaQuest LLC now owns 132,949 shares of the real estate investment trust’s stock worth $1,824,000 after purchasing an additional 105,529 shares in the last quarter. Truist Financial Corp acquired a new stake in Xenia Hotels & Resorts during the third quarter valued at approximately $144,000. James Investment Research Inc. grew its stake in shares of Xenia Hotels & Resorts by 12.1% in the 3rd quarter. James Investment Research Inc. now owns 32,770 shares of the real estate investment trust’s stock valued at $450,000 after purchasing an additional 3,550 shares during the period. Resona Asset Management Co. Ltd. raised its holdings in shares of Xenia Hotels & Resorts by 7.5% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 42,094 shares of the real estate investment trust’s stock worth $596,000 after buying an additional 2,922 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Xenia Hotels & Resorts by 218.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 106,874 shares of the real estate investment trust’s stock worth $1,466,000 after buying an additional 73,281 shares during the period. Institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.