Xenia Hotels & Resorts (NYSE:XHR) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Xenia Hotels & Resorts (NYSE:XHR) from a hold rating to a sell rating in a report issued on Wednesday morning.

A number of other research firms have also recently commented on XHR. Jefferies Financial Group lifted their target price on 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 cut their target price on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.38.

Xenia Hotels & Resorts Trading Down 3.2 %

XHR opened at $13.99 on Wednesday. Xenia Hotels & Resorts has a 52 week low of $12.34 and a 52 week high of $16.50. The business has a fifty day simple moving average of $14.87 and a 200-day simple moving average of $14.66. The firm has a market cap of $1.42 billion, a P/E ratio of 60.81 and a beta of 1.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Xenia Hotels & Resorts by 5.0% during the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after buying an additional 465,141 shares during the last quarter. State Street Corp grew its holdings in shares of Xenia Hotels & Resorts by 1.8% during the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock worth $91,597,000 after buying an additional 108,798 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after buying an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Xenia Hotels & Resorts by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust’s stock worth $35,102,000 after buying an additional 30,186 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Xenia Hotels & Resorts by 3.0% during the fourth quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust’s stock worth $26,820,000 after buying an additional 52,690 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

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.