Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) announced a quarterly dividend on Friday, September 16, Zacks reports. Shareholders of record on Friday, September 30 will receive a dividend of 0.10 per share from the REIT on Friday, October 14. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, September 29.
Xenia Hotels & Resorts Stock up 0.2%
NYSE XHR opened at $16.25 on Friday. Xenia Hotels & Resorts has a 12-month low of $13.18 and a 12-month high of $20.41. The company’s 50-day moving average is $16.36 and its 200-day moving average is $17.33. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt ratio of 0.97.
Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last released its quarterly earnings data on Wednesday, August 3. The real estate investment trust reported EPS of $0.24 for the quarter, missing analyst consensus estimates of $0.39 per ($0.15). Xenia Hotels & Resorts recorded a negative return on equity of 1.57% and a negative net margin of 2.62%. The company posted revenue of $283.45 million for the quarter, versus a consensus estimate of $257.47 million. Equity research analysts expect Xenia Hotels & Resorts to post EPS of 1.49 for the current fiscal year.
Analyst upgrades and downgrades
Several equity research analysts have recently weighed in on the stock. KeyCorp cut its price target on Xenia Hotels & Resorts stock from $21.00 to $17.00 and set an “overweight” rating for the company in a Tuesday, June 28 research report. Wells Fargo & Company cut its price target on Xenia Hotels & Resorts stock from $21.00 to $20.00 and set an “overweight” rating for the company in a Monday, August 29 research report. One financial analyst assigned the stock a sell rating, one assigned a hold rating and five assigned the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.33.
Institutional trade of Xenia Hotels & Resorts
Institutional investors and hedge funds have recently increased or reduced their stake in the company. Lazard Asset Management LLC bought a new stock position in Xenia Hotels & Resorts during Q1 worth approximately $31,000. Point72 Hong Kong Ltd bought a new stock position in Xenia Hotels & Resorts during Q2 for a value of approximately $76,000. Captrust Financial Advisors bought a new stock position in Xenia Hotels & Resorts during Q2 for a value of approximately $167,000. Mariner LLC bought a new stock position in Xenia Hotels & Resorts in Q1 worth $237,000. Finally, Eaton Vance Management increased its stake in Xenia Hotels & Resorts shares by 5.0% in the 1st quarter. Eaton Vance Management now owns 12,480 shares of the real estate investment trust worth $241,000 after buying 597 additional shares in the last quarter. Institutional investors and hedge funds hold 87.89% of the company’s shares.
About Xenia Hotels & Resorts
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Xenia Hotels & Resorts, Inc is a self-administered, self-administered REIT that invests in uniquely positioned luxury and upscale hotels and resorts, focusing on the top 25 lodging markets in the United States as well as major leisure destinations in the United States. The Company owns 37 hotels with 10,749 rooms in 16 states.
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