StockNews.com Upgrades Xenia Hotels & Resorts (NYSE:XHR) to Hold

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

XHR has been the topic of several other reports. Wells Fargo & Company raised their price objective on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group raised their price objective 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $17.63.

Xenia Hotels & Resorts Trading Down 0.7 %

Shares of XHR opened at $14.85 on Friday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.51 billion, a P/E ratio of 64.57 and a beta of 1.50. The stock’s fifty day simple moving average is $15.18 and its 200 day simple moving average is $14.62. Xenia Hotels & Resorts has a twelve month low of $12.34 and a twelve month high of $16.50.

Xenia Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

Institutional Trading of Xenia Hotels & Resorts

Large investors have recently modified their holdings of the business. Loomis Sayles & Co. L P grew its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,982 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Xenia Hotels & Resorts by 500.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,657 shares in the last quarter. Fifth Third Bancorp grew its stake in Xenia Hotels & Resorts by 2,492.9% in the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,443 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $60,000 after purchasing an additional 1,023 shares in the last quarter. Finally, KBC Group NV grew its stake in Xenia Hotels & Resorts by 67.1% in the fourth quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 2,557 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

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.