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

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Monday.

A number of other analysts have also recently commented on XHR. Jefferies Financial Group upped 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 cut their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Finally, KeyCorp decreased their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.13.

Xenia Hotels & Resorts Trading Down 2.6 %

Shares of NYSE XHR traded down $0.31 during trading on Monday, reaching $11.80. The company had a trading volume of 103,939 shares, compared to its average volume of 779,460. The stock has a market cap of $1.20 billion, a P/E ratio of 51.31 and a beta of 1.47. The company's fifty day moving average price is $13.86 and its 200-day moving average price is $14.57. 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 12 month low of $11.79 and a 12 month high of $16.50.

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Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to analysts' expectations of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, research analysts expect that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several large investors have recently made changes to their positions in XHR. Public Employees Retirement System of Ohio grew its position in Xenia Hotels & Resorts by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust's stock valued at $3,776,000 after buying an additional 962 shares during the period. Metis Global Partners LLC raised its stake in shares of Xenia Hotels & Resorts by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock valued at $174,000 after buying an additional 1,194 shares during the period. IFP Advisors Inc lifted its holdings in Xenia Hotels & Resorts by 16.5% during the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock valued at $131,000 after purchasing an additional 1,250 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Xenia Hotels & Resorts by 12.0% in the third quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Xenia Hotels & Resorts by 4.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust's stock worth $498,000 after buying an additional 1,415 shares during the period. 92.43% of the stock is owned by hedge funds and other institutional investors.

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.