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

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

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. B. Riley lowered their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $16.38.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock opened at $15.39 on Monday. Xenia Hotels & Resorts has a fifty-two week low of $11.79 and a fifty-two week high of $15.84. The firm’s 50 day simple moving average is $14.52 and its 200-day simple moving average is $14.23. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.26. The company has a market cap of $1.57 billion, a P/E ratio of 66.89 and a beta of 1.51.

Xenia Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 208.70%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. increased its holdings in Xenia Hotels & Resorts by 179,814.4% in the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after buying an additional 350,638 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Xenia Hotels & Resorts during the 3rd quarter worth $4,504,000. Mutual of America Capital Management LLC raised its holdings in shares of Xenia Hotels & Resorts by 1,602.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock valued at $4,422,000 after purchasing an additional 290,469 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $2,345,000. Finally, Panagora Asset Management Inc. lifted its stake in shares of Xenia Hotels & Resorts by 27.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock valued at $9,689,000 after purchasing an additional 145,527 shares during the last quarter. 92.43% of the stock is currently 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.