Xenia Hotels & Resorts (NYSE:XHR) Downgraded to Sell Rating by StockNews.com

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

Several other research firms have also recently weighed in on XHR. Jefferies Financial Group lifted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. KeyCorp dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Wells Fargo & Company reduced their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.13.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE:XHR opened at $12.70 on Monday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $14.01 and a 200-day moving average price of $14.61. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 55.20 and a beta of 1.47. Xenia Hotels & Resorts has a 12 month low of $12.04 and a 12 month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. The business had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. Xenia Hotels & Resorts’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. As a group, equities 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. Stockholders of record on Monday, March 31st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s payout ratio is 373.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. GF Fund Management CO. LTD. bought a new stake in Xenia Hotels & Resorts during the fourth quarter worth about $28,000. Loomis Sayles & Co. L P lifted its holdings in shares of 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 valued at $30,000 after purchasing an additional 1,982 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $30,000. Finally, Fifth Third Bancorp increased its position in 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. 92.43% of the stock is currently 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.