Xenia Hotels & Resorts (NYSE:XHR) Upgraded by StockNews.com to "Hold" Rating

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

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their price objective on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of "Moderate Buy" and an average target price of $17.63.

Xenia Hotels & Resorts Stock Up 1.7 %

Shares of XHR traded up $0.25 during trading hours on Monday, reaching $15.05. 1,029,633 shares of the stock traded hands, compared to its average volume of 545,771. Xenia Hotels & Resorts has a 52 week low of $12.34 and a 52 week high of $16.50. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 65.42 and a beta of 1.51. The stock has a fifty day simple moving average of $15.25 and a 200 day simple moving average of $14.58. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several large investors have recently added to or reduced their stakes in XHR. Loomis Sayles & Co. L P boosted its position in Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,982 shares during the period. Fifth Third Bancorp lifted its stake in shares of Xenia Hotels & Resorts by 2,492.9% during the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 2,443 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Xenia Hotels & Resorts by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,023 shares during the period. KBC Group NV grew its stake in Xenia Hotels & Resorts by 67.1% in the 4th quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock valued at $95,000 after buying an additional 2,557 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust's stock valued at $144,000 after acquiring an additional 9,394 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.