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

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.

Several other analysts also recently issued reports on XHR. KeyCorp raised their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. Wells Fargo & Company boosted their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an "equal weight" rating in a research note on Thursday, March 21st. B. Riley restated a "neutral" rating and issued a $17.00 target price (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Jefferies Financial Group raised 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. Finally, Wolfe Research assumed coverage on Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They set a "peer perform" rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $15.70.

Xenia Hotels & Resorts Trading Up 0.4 %

XHR stock traded up $0.06 during midday trading on Thursday, reaching $15.00. 623,153 shares of the company traded hands, compared to its average volume of 845,068. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 88.24 and a beta of 1.45. Xenia Hotels & Resorts has a 52-week low of $10.90 and a 52-week high of $15.84. The business has a 50 day moving average of $14.43 and a 200-day moving average of $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 (NYSE:XHR - Get Free Report) last issued its quarterly 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). Xenia Hotels & Resorts had a return on equity of 1.75% and a net margin of 1.87%. The company had revenue of $253.38 million during the quarter, compared to the consensus estimate of $253.00 million. As a group, sell-side analysts expect that Xenia Hotels & Resorts will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Xenia Hotels & Resorts by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 19,789,858 shares of the real estate investment trust's stock valued at $272,901,000 after purchasing an additional 426,724 shares during the last quarter. Wellington Management Group LLP increased its holdings in Xenia Hotels & Resorts by 2.8% in the 4th quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust's stock worth $138,067,000 after buying an additional 278,686 shares during the period. State Street Corp raised its position in Xenia Hotels & Resorts by 0.3% during the 2nd quarter. State Street Corp now owns 7,321,885 shares of the real estate investment trust's stock worth $106,387,000 after buying an additional 18,499 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in Xenia Hotels & Resorts by 20.1% during 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 during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 2.7% in the 1st quarter. Geode Capital Management LLC now owns 2,421,364 shares of the real estate investment trust's stock valued at $31,696,000 after acquiring an additional 63,476 shares during the last quarter. 92.43% of the stock is owned by hedge funds and other 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.

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