StockNews.com Downgrades Xenia Hotels & Resorts (NYSE:XHR) to Sell

Xenia Hotels & Resorts (NYSE:XHR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other research analysts have also recently commented on the stock. Wells Fargo & Company cut their price target 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. Jefferies Financial Group increased their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.38.

Xenia Hotels & Resorts Trading Down 0.1 %

Shares of XHR opened at $14.46 on Wednesday. The stock’s 50-day moving average price is $14.90 and its 200 day moving average price is $14.65. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 62.85 and a beta of 1.50. Xenia Hotels & Resorts has a 12-month low of $12.34 and a 12-month high of $16.50.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Xenia Hotels & Resorts by 5.0% in the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after purchasing an additional 465,141 shares in the last quarter. State Street Corp lifted its holdings in Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock worth $91,597,000 after buying an additional 108,798 shares in the last quarter. Geode Capital Management LLC boosted its position in Xenia Hotels & Resorts by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after buying an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust’s stock valued at $35,102,000 after buying an additional 30,186 shares during the period. Finally, Millennium Management LLC raised its position in shares of Xenia Hotels & Resorts by 3.0% during the fourth quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust’s stock worth $26,820,000 after acquiring an additional 52,690 shares during the last quarter. 92.43% of the stock is owned by institutional investors.

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.