StockNews.com Downgrades Xenia Hotels & Resorts (NYSE:XHR) to Sell

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

Several other brokerages have also recently issued reports on XHR. Wells Fargo & Company increased their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group upped their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Xenia Hotels & Resorts has an average rating of “Hold” and a consensus price target of $17.63.

Xenia Hotels & Resorts Price Performance

Shares of NYSE XHR opened at $14.68 on Tuesday. The business has a 50 day moving average price of $15.25 and a two-hundred day moving average price of $14.51. Xenia Hotels & Resorts has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The firm has a market cap of $1.49 billion, a PE ratio of 63.83 and a beta of 1.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.27%. Xenia Hotels & Resorts’s payout ratio is currently 208.70%.

Institutional Trading of Xenia Hotels & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in Xenia Hotels & Resorts by 0.9% in the second quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock worth $2,801,000 after buying an additional 1,699 shares during the period. Victory Capital Management Inc. increased its holdings 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 worth $906,000 after acquiring an additional 40,868 shares during the period. Los Angeles Capital Management LLC lifted its position in Xenia Hotels & Resorts by 65.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 42,022 shares of the real estate investment trust’s stock valued at $602,000 after purchasing an additional 16,677 shares during the last quarter. Quest Partners LLC acquired a new position in Xenia Hotels & Resorts during the 2nd quarter valued at about $726,000. Finally, AdvisorShares Investments LLC acquired a new position in Xenia Hotels & Resorts during the 2nd quarter valued at about $164,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

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.