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

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

Other analysts also recently issued research reports about the stock. Jefferies Financial Group boosted 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 report on Thursday, January 2nd. Wells Fargo & Company boosted their price target on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.63.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $14.96 on Tuesday. The firm has a market capitalization of $1.52 billion, a PE ratio of 65.05 and a beta of 1.51. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The business’s fifty day moving average price is $15.25 and its 200 day moving average price is $14.51. Xenia Hotels & Resorts has a 12 month low of $12.34 and a 12 month high of $16.50.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its position 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 acquiring an additional 1,699 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Xenia Hotels & Resorts by 182.7% during the 2nd quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock worth $906,000 after purchasing an additional 40,868 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Xenia Hotels & Resorts by 65.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 42,022 shares of the real estate investment trust’s stock valued at $602,000 after buying an additional 16,677 shares in the last quarter. Quest Partners LLC acquired a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at $726,000. Finally, AdvisorShares Investments LLC purchased a new position in Xenia Hotels & Resorts during the second quarter worth $164,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Company Profile

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.