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

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

A number of other research firms also recently commented on XHR. KeyCorp dropped their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company cut their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and an average target price of $17.13.

Xenia Hotels & Resorts Stock Up 0.4 %

Shares of NYSE XHR opened at $11.81 on Wednesday. The firm has a market cap of $1.20 billion, a P/E ratio of 51.35 and a beta of 1.47. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. Xenia Hotels & Resorts has a 1 year low of $11.43 and a 1 year high of $16.50. The firm’s 50 day moving average price is $13.61 and its 200 day moving average price is $14.54.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.14 dividend. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 4.74%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several large investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. boosted its position in Xenia Hotels & Resorts by 258.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust’s stock worth $24,599,000 after purchasing an additional 1,193,990 shares during the period. Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts in the fourth quarter worth about $15,982,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Xenia Hotels & Resorts by 370.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after buying an additional 566,144 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Xenia Hotels & Resorts by 73.5% during the 4th quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust’s stock valued at $16,743,000 after buying an additional 477,231 shares during the period. Finally, Wellington Management Group LLP lifted its position in Xenia Hotels & Resorts by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after acquiring an additional 465,141 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.