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

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

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. B. Riley cut their target price on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.38.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE XHR opened at $15.03 on Monday. The company has a market cap of $1.53 billion, a P/E ratio of 65.31 and a beta of 1.51. Xenia Hotels & Resorts has a 52-week low of $12.05 and a 52-week high of $15.84. 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’s fifty day moving average is $14.59 and its two-hundred day moving average is $14.25.

Xenia Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.19%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Martingale Asset Management L P lifted its position in Xenia Hotels & Resorts by 6.5% in the third quarter. Martingale Asset Management L P now owns 216,913 shares of the real estate investment trust’s stock worth $3,204,000 after buying an additional 13,162 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Xenia Hotels & Resorts by 370.5% in the 3rd 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 worth $10,619,000 after acquiring an additional 566,144 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares during the period. Daiwa Securities Group Inc. grew its holdings in Xenia Hotels & Resorts by 4.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Xenia Hotels & Resorts by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock valued at $34,443,000 after purchasing an additional 59,212 shares during the last quarter. 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.