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 report sent to investors on Monday.

Separately, Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.13.

Xenia Hotels & Resorts Trading Down 1.6 %

NYSE XHR opened at $14.86 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. Xenia Hotels & Resorts has a one year low of $12.34 and a one year high of $16.50. The company has a 50-day simple moving average of $15.23 and a 200-day simple moving average of $14.49. The firm has a market capitalization of $1.51 billion, a PE ratio of 64.61 and a beta of 1.52.

Xenia Hotels & Resorts Dividend Announcement

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

Hedge Funds Weigh In On Xenia Hotels & Resorts

Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in shares of Xenia Hotels & Resorts in the second quarter valued at approximately $25,000. Loomis Sayles & Co. L P lifted its position in Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 valued at $60,000 after purchasing an additional 1,023 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 9,394 shares during the period. Finally, Algert Global LLC bought a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter worth $147,000. 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.