Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $18.44 and traded as high as $19.78. Xenia Hotels & Resorts shares last traded at $19.5120, with a volume of 549,395 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on XHR shares. BMO Capital Markets cut Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $22.00 to $20.50 in a research note on Tuesday, September 1st. Weiss Ratings lowered shares of Xenia Hotels & Resorts from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. Finally, Wells Fargo & Company raised their target price on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $20.12.
Get Our Latest Research Report on XHR
Xenia Hotels & Resorts Stock Up 0.2%
The company has a market capitalization of $1.80 billion, a PE ratio of -279.03 and a beta of 1.18. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.17. The firm has a 50 day simple moving average of $18.45 and a two-hundred day simple moving average of $18.45.
Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.24 by $0.37. The business had revenue of $295.49 million during the quarter, compared to analysts’ expectations of $302.39 million. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. Research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.89 EPS for the current year.
Xenia Hotels & Resorts Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio is -800.00%.
Institutional Trading of Xenia Hotels & Resorts
Several hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new stake in Xenia Hotels & Resorts during the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in Xenia Hotels & Resorts during the second quarter worth about $34,000. Fortitude Family Office LLC purchased a new position in Xenia Hotels & Resorts in the third quarter valued at about $32,000. Allworth Financial LP purchased a new position in Xenia Hotels & Resorts in the second quarter valued at about $37,000. Finally, Nykredit A S purchased a new position in Xenia Hotels & Resorts in the second quarter valued at about $39,000. 92.43% of the stock is owned by institutional investors and hedge funds.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.
Xenia’s properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.
The company’s portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.
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