Xenia Hotels & Resorts (NYSE:XHR) Downgraded to “Sell” Rating by StockNews.com

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

A number of other research firms have also commented on XHR. Jefferies Financial Group boosted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.63.

Xenia Hotels & Resorts Trading Up 0.1 %

Shares of Xenia Hotels & Resorts stock opened at $14.67 on Tuesday. The company’s 50-day moving average price is $15.25 and its 200-day moving average price is $14.51. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 63.79 and a beta of 1.51. Xenia Hotels & Resorts has a 12-month low of $12.34 and a 12-month high of $16.50. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts Announces Dividend

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

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in XHR. Meeder Asset Management Inc. bought a new position in Xenia Hotels & Resorts during the 2nd quarter worth approximately $25,000. Loomis Sayles & Co. L P lifted its holdings in Xenia Hotels & Resorts by 3,146.0% in 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 buying an additional 1,982 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,023 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at approximately $147,000. Institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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.