Xenia Hotels & Resorts (NYSE:XHR) Upgraded at StockNews.com

StockNews.com upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from a sell rating to a hold rating in a research note published on Saturday.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company increased their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group increased their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

Xenia Hotels & Resorts Stock Down 0.7 %

XHR opened at $14.85 on Friday. The company has a market cap of $1.51 billion, a PE ratio of 64.57 and a beta of 1.50. The business has a 50 day moving average price of $15.18 and a two-hundred day moving average price of $14.62. Xenia Hotels & Resorts has a 52 week low of $12.34 and a 52 week high of $16.50. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Xenia Hotels & Resorts by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after acquiring an additional 465,141 shares during the period. State Street Corp grew its holdings in Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock valued at $91,597,000 after buying an additional 108,798 shares during the last quarter. Geode Capital Management LLC grew its holdings in Xenia Hotels & Resorts by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after buying an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Xenia Hotels & Resorts by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust’s stock valued at $35,102,000 after buying an additional 30,186 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Xenia Hotels & Resorts by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock valued at $24,555,000 after buying an additional 40,807 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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.