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

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

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

Xenia Hotels & Resorts Price Performance

NYSE:XHR traded up $0.22 during mid-day trading on Monday, reaching $12.70. 694,889 shares of the stock were exchanged, compared to its average volume of 718,645. Xenia Hotels & Resorts has a 1-year low of $12.04 and a 1-year high of $16.50. 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 firm has a market capitalization of $1.29 billion, a PE ratio of 55.20 and a beta of 1.47. The business has a fifty day moving average price of $14.01 and a 200 day moving average price of $14.61.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The business had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. During the same quarter last year, the company posted $0.41 EPS. Xenia Hotels & Resorts’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts expect that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Xenia Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. bought a new position in Xenia Hotels & Resorts in the 4th quarter worth approximately $28,000. Loomis Sayles & Co. L P grew its stake in shares of Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,982 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Xenia Hotels & Resorts by 500.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,657 shares during the period. Creekmur Asset Management LLC acquired a new position in Xenia Hotels & Resorts during the 4th quarter valued at $30,000. Finally, Fifth Third Bancorp raised its stake 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 purchasing an additional 2,443 shares during the last quarter. Institutional investors 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.