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

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

A number of other brokerages have also recently weighed in on XHR. Jefferies Financial Group increased their price target 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. Wells Fargo & Company increased their target price on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Hold" and an average target price of $17.63.

Xenia Hotels & Resorts Stock Performance

XHR traded down $0.28 during trading on Tuesday, hitting $14.68. 420,315 shares of the stock were exchanged, compared to its average volume of 583,654. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts has a 1-year low of $12.34 and a 1-year high of $16.50. The stock has a fifty day moving average price of $15.25 and a two-hundred day moving average price of $14.51. The firm has a market capitalization of $1.49 billion, a P/E ratio of 63.83 and a beta of 1.51.

Xenia Hotels & Resorts Announces Dividend

The company 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 $0.12 dividend. 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 payout ratio is 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of Xenia Hotels & Resorts by 5.0% in the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust's stock valued at $143,354,000 after purchasing an additional 465,141 shares during the period. State Street Corp boosted its stake in shares of Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock worth $91,597,000 after acquiring an additional 108,798 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Xenia Hotels & Resorts by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock worth $39,135,000 after acquiring an additional 60,323 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Xenia Hotels & Resorts by 2.6% in 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Xenia Hotels & Resorts by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock worth $24,555,000 after purchasing an additional 40,807 shares during the last quarter. Institutional investors and hedge funds 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.