Xenia Hotels & Resorts (NYSE:XHR) Upgraded by StockNews.com to Hold Rating

Xenia Hotels & Resorts (NYSE:XHR) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Separately, Wells Fargo & Company raised their target price 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.13.

Xenia Hotels & Resorts Price Performance

Shares of XHR stock opened at $14.86 on Monday. Xenia Hotels & Resorts has a 12 month low of $12.34 and a 12 month high of $16.50. The company has a market capitalization of $1.51 billion, a P/E ratio of 64.61 and a beta of 1.52. The stock has a 50 day moving average of $15.22 and a two-hundred day moving average of $14.49. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Institutional Trading of Xenia Hotels & Resorts

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in Xenia Hotels & Resorts by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust’s stock worth $3,776,000 after acquiring an additional 962 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Xenia Hotels & Resorts by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,023 shares in the last quarter. MML Investors Services LLC lifted its holdings in Xenia Hotels & Resorts by 12.0% during the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 1,338 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Xenia Hotels & Resorts by 4.4% in the third quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 1,415 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Xenia Hotels & Resorts by 0.9% during the second quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock worth $2,801,000 after buying an additional 1,699 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 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.