Xenia Hotels & Resorts (NYSE:XHR) Downgraded to "Hold" Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Xenia Hotels & Resorts (NYSE:XHR - Free Report) from a buy rating to a hold rating in a research report report published on Wednesday morning, Marketbeat reports. They currently have $10.00 target price on the real estate investment trust's stock, down from their previous target price of $18.00.

Other analysts also recently issued research reports about the company. KeyCorp dropped their price target on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company cut their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of "Hold" and a consensus price target of $14.63.

Xenia Hotels & Resorts Trading Down 1.5 %

Shares of XHR stock traded down $0.15 during trading hours on Wednesday, reaching $9.64. The company had a trading volume of 188,717 shares, compared to its average volume of 794,878. Xenia Hotels & Resorts has a 1-year low of $8.55 and a 1-year high of $16.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $977.84 million, a price-to-earnings ratio of 41.91 and a beta of 1.38. The company has a 50 day moving average of $12.70 and a 200 day moving average of $14.23.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued 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 firm had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts anticipate that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Monday, March 31st. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's dividend payout ratio is presently 373.33%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Xenia Hotels & Resorts by 1,623.5% during the 1st quarter. GAMMA Investing LLC now owns 19,475 shares of the real estate investment trust's stock worth $229,000 after acquiring an additional 18,345 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Xenia Hotels & Resorts by 61.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,688 shares of the real estate investment trust's stock worth $263,000 after purchasing an additional 6,753 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth $2,601,000. GF Fund Management CO. LTD. acquired a new position in Xenia Hotels & Resorts in the fourth quarter valued at about $28,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Xenia Hotels & Resorts by 2.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 733,055 shares of the real estate investment trust's stock worth $10,893,000 after purchasing an additional 14,094 shares during the period. 92.43% of the stock is currently 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.