Xenia Hotels & Resorts (NYSE:XHR) Downgraded by StockNews.com 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 note issued to investors on Wednesday.

Several other equities research analysts have also issued reports on the company. Wells Fargo & Company dropped their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group raised 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 report on Thursday, January 2nd. Finally, KeyCorp lowered their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.13.

Xenia Hotels & Resorts Stock Down 6.8 %

NYSE XHR traded down $0.72 during mid-day trading on Wednesday, reaching $9.82. 1,775,077 shares of the company's stock traded hands, compared to its average volume of 776,981. The company has a fifty day simple moving average of $13.42 and a 200-day simple moving average of $14.49. Xenia Hotels & Resorts has a 1-year low of $9.64 and a 1-year high of $16.50. The company has a market cap of $994.78 million, a price-to-earnings ratio of 42.68 and a beta of 1.38. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

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Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of Xenia Hotels & Resorts by 0.4% in 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 purchasing an additional 962 shares during the period. Metis Global Partners LLC increased its position in Xenia Hotels & Resorts by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock valued at $174,000 after acquiring an additional 1,194 shares during the period. IFP Advisors Inc raised its stake in Xenia Hotels & Resorts by 16.5% during the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock valued at $131,000 after acquiring an additional 1,250 shares in the last quarter. MML Investors Services LLC grew 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, Swiss National Bank raised its stake in shares of Xenia Hotels & Resorts by 0.8% during the fourth quarter. Swiss National Bank now owns 200,580 shares of the real estate investment trust's stock valued at $2,981,000 after purchasing an additional 1,500 shares in the last quarter. 92.43% of the stock is 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.