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

Xenia Hotels & Resorts (NYSE:XHR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also recently commented on XHR. KeyCorp boosted their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. Wells Fargo & Company lifted their price target 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 reiterated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Finally, Wolfe Research began coverage on shares of Xenia Hotels & Resorts in a research note on Wednesday, January 10th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.70.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $14.85 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market cap of $1.51 billion, a P/E ratio of 87.35 and a beta of 1.45. The firm has a 50 day simple moving average of $14.46 and a 200 day simple moving average of $13.24. Xenia Hotels & Resorts has a fifty-two week low of $10.90 and a fifty-two week high of $15.84.

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

Institutional Trading of Xenia Hotels & Resorts

Institutional investors have recently bought and sold shares of the business. Natixis Advisors L.P. acquired a new position in Xenia Hotels & Resorts during the 1st quarter worth approximately $496,000. Bank of Montreal Can increased its position in Xenia Hotels & Resorts by 6.0% during the 1st quarter. Bank of Montreal Can now owns 33,536 shares of the real estate investment trust’s stock worth $662,000 after purchasing an additional 1,899 shares in the last quarter. MetLife Investment Management LLC increased its position in Xenia Hotels & Resorts by 56.8% in the 1st quarter. MetLife Investment Management LLC now owns 59,459 shares of the real estate investment trust’s stock valued at $1,147,000 after acquiring an additional 21,532 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Xenia Hotels & Resorts by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 98,459 shares of the real estate investment trust’s stock valued at $1,899,000 after acquiring an additional 12,140 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Xenia Hotels & Resorts by 0.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 193,269 shares of the real estate investment trust’s stock valued at $3,848,000 after acquiring an additional 1,748 shares during the period. Institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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.