Xenia Hotels & Resorts (NYSE:XHR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from a sell rating to a hold rating in a research report released on Monday morning.

Separately, Wells Fargo & Company boosted their price objective on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.13.

Xenia Hotels & Resorts Stock Up 0.1 %

Xenia Hotels & Resorts stock opened at $15.10 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a 50 day moving average price of $15.22 and a 200 day moving average price of $14.49. Xenia Hotels & Resorts has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The company has a market capitalization of $1.54 billion, a PE ratio of 65.66 and a beta of 1.52.

Xenia Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.18%. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

Institutional Trading of Xenia Hotels & Resorts

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in Xenia Hotels & Resorts in the second quarter valued at $2,345,000. Commonwealth Equity Services LLC raised its position in Xenia Hotels & Resorts by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock valued at $2,801,000 after purchasing an additional 1,699 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Xenia Hotels & Resorts by 182.7% in the 2nd quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock valued at $906,000 after buying an additional 40,868 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Xenia Hotels & Resorts by 65.8% during the second quarter. Los Angeles Capital Management LLC now owns 42,022 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 16,677 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth about $726,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.