Xenia Hotels (XHR) Declares $0.275 Quarterly Dividend; 5.4% Yield
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November 21, 2018 6:54 AM EST
Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced its acquisition of Park Hyatt Aviara Resort, Golf Club & Spa, a 327-room luxury resort located in Carlsbad, California, for a purchase price of $170 million, or approximately $520,000 per key. The Company does not anticipate the hotel to materially contribute to the company's EBITDA during the remainder of 2018. Additional details on the transaction can be found in the presentation posted on the Company's website, www.xeniareit.com.
"We are excited to have acquired... More
November 15, 2018 1:11 PM EST
Wells Fargo analyst Jeffrey J. Donnelly lowered the price target on Xenia Hotels & Resorts (NYSE: XHR) to $22.00 (from $25.00) while maintaining a Market Perform rating.
Analyst says: "We are raising our 2018E FFO/sh for Xenia Hotels & Resorts to $2.23, from $2.20, and lowering our 2019E... More
