Xenia Hotels & Resorts (NYSE:XHR) Rating Lowered 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 report released on Monday.

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

Xenia Hotels & Resorts Price Performance

Shares of NYSE:XHR opened at $12.29 on Monday. The business has a 50-day simple moving average of $13.91 and a two-hundred day simple moving average of $14.59. 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 has a market cap of $1.25 billion, a price-to-earnings ratio of 53.42 and a beta of 1.47. Xenia Hotels & Resorts has a fifty-two week low of $12.04 and a fifty-two week high of $16.50.

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

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.14 per share. The ex-dividend date is Monday, March 31st. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 4.56%. Xenia Hotels & Resorts’s payout ratio is 373.33%.

Institutional Trading of Xenia Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Xenia Hotels & Resorts by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after acquiring an additional 60,323 shares during the period. Barclays PLC boosted its position in shares of Xenia Hotels & Resorts by 295.7% in the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock worth $2,555,000 after purchasing an additional 129,328 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Xenia Hotels & Resorts by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after purchasing an additional 59,212 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Xenia Hotels & Resorts by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock valued at $24,555,000 after purchasing an additional 40,807 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Xenia Hotels & Resorts by 370.5% during 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 valued at $10,619,000 after purchasing an additional 566,144 shares during the period. Hedge funds and other institutional investors 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.