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

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

Several other research analysts have also recently issued reports on XHR. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group lifted their price target 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 assigned a buy rating to the company. According to data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $17.63.

Xenia Hotels & Resorts Trading Up 1.7 %

NYSE:XHR opened at $15.05 on Monday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 65.42 and a beta of 1.51. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50. The business has a fifty day moving average of $15.25 and a 200-day moving average of $14.58.

Xenia Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.19%. The ex-dividend date was Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P boosted its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,982 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Xenia Hotels & Resorts by 2,492.9% in the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,443 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake 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 purchasing an additional 1,023 shares in the last quarter. KBC Group NV raised its holdings in Xenia Hotels & Resorts by 67.1% during the 4th 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. 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 worth $144,000 after buying an additional 9,394 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

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.