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

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

Other analysts have also issued research reports about the stock. Jefferies Financial Group raised their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Wells Fargo & Company raised their target price on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.63.

Xenia Hotels & Resorts Stock Up 0.1 %

XHR opened at $14.67 on Tuesday. 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 stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 63.79 and a beta of 1.51. The business has a 50 day moving average of $15.25 and a 200-day moving average of $14.51. Xenia Hotels & Resorts has a 1-year low of $12.34 and a 1-year high of $16.50.

Xenia Hotels & Resorts Announces Dividend

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

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently modified their holdings of XHR. Meeder Asset Management Inc. acquired a new stake in shares of Xenia Hotels & Resorts in the second quarter valued at about $25,000. Loomis Sayles & Co. L P raised its stake in shares of Xenia Hotels & Resorts by 3,146.0% in the third 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 last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Xenia Hotels & Resorts by 34.9% during the 3rd 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 grew its position in Xenia Hotels & Resorts by 2,559.7% in the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Xenia Hotels & Resorts in the second quarter valued at approximately $147,000. 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.