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

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

XHR has been the topic of several other research reports. Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a hold rating to a buy rating and increased their price objective for the stock from $14.00 to $18.00 in a research note on Thursday, February 29th. KeyCorp increased their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an overweight rating in a report on Friday, April 5th. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an equal weight rating in a report on Thursday, March 21st. B. Riley reiterated a neutral rating and issued a $17.00 price objective (up from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. Finally, Wolfe Research assumed coverage on shares of Xenia Hotels & Resorts in a report on Wednesday, January 10th. They issued a peer perform rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Xenia Hotels & Resorts currently has an average rating of Hold and a consensus target price of $15.70.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $15.00 on Thursday. The firm has a market cap of $1.53 billion, a PE ratio of 88.24 and a beta of 1.45. The firm’s 50-day simple moving average is $14.43 and its 200-day simple moving average is $13.21. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.50 and a current ratio of 2.50. Xenia Hotels & Resorts has a 1 year low of $10.90 and a 1 year high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The company had revenue of $253.38 million during the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. Equities analysts forecast that Xenia Hotels & Resorts will post 1.55 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.20%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 282.35%.

Institutional Trading of Xenia Hotels & Resorts

A number of large investors have recently added to or reduced their stakes in XHR. Norges Bank bought a new stake in Xenia Hotels & Resorts during the fourth quarter worth approximately $18,408,000. 683 Capital Management LLC lifted its position in shares of Xenia Hotels & Resorts by 461.7% in the 3rd quarter. 683 Capital Management LLC now owns 1,650,000 shares of the real estate investment trust’s stock valued at $19,437,000 after acquiring an additional 1,356,258 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 3rd quarter valued at approximately $13,177,000. Centersquare Investment Management LLC lifted its position in shares of Xenia Hotels & Resorts by 20.1% in the 1st quarter. Centersquare Investment Management LLC now owns 5,929,628 shares of the real estate investment trust’s stock valued at $114,382,000 after acquiring an additional 993,790 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Xenia Hotels & Resorts by 12.8% in the 1st quarter. State Street Corp now owns 7,303,386 shares of the real estate investment trust’s stock valued at $140,882,000 after acquiring an additional 828,429 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.