StockNews.com Upgrades Xenia Hotels & Resorts (NYSE:XHR) to "Hold"

StockNews.com upgraded shares of Xenia Hotels & Resorts (NYSE:XHR - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

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

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock traded down $0.12 on Friday, reaching $14.73. The stock had a trading volume of 539,021 shares, compared to its average volume of 609,305. The stock has a market cap of $1.50 billion, a P/E ratio of 64.05 and a beta of 1.50. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The company has a 50 day simple moving average of $15.17 and a 200 day simple moving average of $14.62.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.26%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 208.70%.

Institutional Trading of Xenia Hotels & Resorts

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 500.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,657 shares during the period. Loomis Sayles & Co. L P boosted its holdings in shares of Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,982 shares during the period. Fifth Third Bancorp lifted its holdings in Xenia Hotels & Resorts by 2,492.9% during the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock worth $38,000 after buying an additional 2,443 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Xenia Hotels & Resorts by 34.9% during the third 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. Finally, KBC Group NV lifted its holdings in Xenia Hotels & Resorts by 67.1% during the fourth quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock worth $95,000 after buying an additional 2,557 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.