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

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

Several other brokerages also recently weighed in on XHR. Wells Fargo & Company decreased their target price 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, February 18th. KeyCorp lowered their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Finally, Jefferies Financial Group increased their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $17.13.

Xenia Hotels & Resorts Price Performance

XHR opened at $11.77 on Wednesday. Xenia Hotels & Resorts has a 52-week low of $11.43 and a 52-week high of $16.50. The company has a 50 day moving average of $13.67 and a two-hundred day moving average of $14.56. The company has a market cap of $1.19 billion, a P/E ratio of 51.15 and a beta of 1.47. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.34. The company had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, analysts expect that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XHR. Geode Capital Management LLC lifted its holdings 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 worth $39,135,000 after purchasing an additional 60,323 shares during the last quarter. Barclays PLC raised its stake in shares of Xenia Hotels & Resorts by 295.7% in the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock valued at $2,555,000 after purchasing an additional 129,328 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after acquiring an additional 59,212 shares during the period. JPMorgan Chase & Co. boosted its holdings in Xenia Hotels & Resorts by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock valued at $24,555,000 after purchasing an additional 40,807 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Xenia Hotels & Resorts by 370.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after acquiring an additional 566,144 shares during the period. Institutional investors and hedge funds 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.