Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) declared a quarterly dividend on Friday, September 16th, Zacks reports. Stockholders of record on Friday, September 30th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, October 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, September 29th.
Xenia Hotels & Resorts Stock Performance
NYSE XHR opened at $16.25 on Friday. The company has a market cap of $1.86 billion, a P/E ratio of -77.38 and a beta of 1.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.11 and a current ratio of 3.11. The business's 50 day moving average price is $16.36 and its 200-day moving average price is $17.33. Xenia Hotels & Resorts has a fifty-two week low of $13.18 and a fifty-two week high of $20.41.
Get Xenia Hotels & Resorts alerts:Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last released its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.15). The company had revenue of $283.45 million for the quarter, compared to the consensus estimate of $257.47 million. Xenia Hotels & Resorts had a negative net margin of 2.62% and a negative return on equity of 1.57%. Sell-side analysts predict that Xenia Hotels & Resorts will post 1.49 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in XHR. Lazard Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts in the first quarter valued at about $31,000. Point72 Hong Kong Ltd acquired a new position in shares of Xenia Hotels & Resorts in the second quarter valued at about $76,000. Captrust Financial Advisors acquired a new position in shares of Xenia Hotels & Resorts in the second quarter valued at about $167,000. AQR Capital Management LLC increased its holdings in shares of Xenia Hotels & Resorts by 14.2% in the second quarter. AQR Capital Management LLC now owns 12,489 shares of the real estate investment trust's stock valued at $181,000 after purchasing an additional 1,553 shares during the period. Finally, Mariner LLC acquired a new position in shares of Xenia Hotels & Resorts in the first quarter valued at about $237,000. 87.89% of the stock is owned by institutional investors and hedge funds.Wall Street Analysts Forecast Growth
XHR has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Xenia Hotels & Resorts from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, August 29th. KeyCorp dropped their price objective on Xenia Hotels & Resorts from $21.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $20.33.
Xenia Hotels & Resorts Company Profile
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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 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states.
Further Reading
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