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 report released on Monday morning.

XHR has been the subject of several other research reports. Wells Fargo & Company boosted their price objective on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group upped their price objective on shares of 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 issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.63.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $14.88 on Monday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts has a twelve month low of $12.34 and a twelve month high of $16.50. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 64.71 and a beta of 1.51. The company has a 50-day moving average of $15.26 and a 200-day moving average of $14.60.

Xenia Hotels & Resorts Announces Dividend

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

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of Xenia Hotels & Resorts by 5.0% in the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after buying an additional 465,141 shares during the period. State Street Corp lifted its stake in Xenia Hotels & Resorts by 1.8% in the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock valued at $91,597,000 after acquiring an additional 108,798 shares during the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Xenia Hotels & Resorts by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock valued at $34,443,000 after purchasing an additional 59,212 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Xenia Hotels & Resorts by 2.5% in the third 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 in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

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.