Xenia Hotels & Resorts (NYSE:XHR) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of Xenia Hotels & Resorts (NYSE:XHR) from a strong-buy rating to a sell rating in a research note released on Wednesday, December 6th.

According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT. The company invests primarily in premium full service, lifestyle, urban upscale hotels, lodging markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “

Several other brokerages have also recently issued reports on XHR. Wells Fargo & Co raised their target price on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the stock an outperform rating in a report on Friday, October 6th. Instinet reissued a buy rating and set a $22.00 target price on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. TheStreet raised shares of Xenia Hotels & Resorts from a c+ rating to a b- rating in a report on Wednesday, October 11th. FBR & Co initiated coverage on shares of Xenia Hotels & Resorts in a report on Friday, October 27th. They set a neutral rating and a $23.00 target price for the company. Finally, B. Riley reissued a hold rating and set a $23.00 target price on shares of Xenia Hotels & Resorts in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $21.83.

Xenia Hotels & Resorts (XHR) traded down $0.46 during midday trading on Wednesday, hitting $21.59. 499,764 shares of the company’s stock were exchanged, compared to its average volume of 494,420. The stock has a market capitalization of $2,353.40, a PE ratio of 17.00, a P/E/G ratio of 2.30 and a beta of 0.80. Xenia Hotels & Resorts has a fifty-two week low of $16.21 and a fifty-two week high of $22.76. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.78.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.38. Xenia Hotels & Resorts had a net margin of 15.23% and a return on equity of 8.34%. The firm had revenue of $223.28 million during the quarter, compared to analysts’ expectations of $219.67 million. During the same quarter last year, the company posted $0.57 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. sell-side analysts forecast that Xenia Hotels & Resorts will post 1.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.10 annualized dividend and a yield of 5.09%. Xenia Hotels & Resorts’s dividend payout ratio is presently 86.61%.

A number of hedge funds have recently added to or reduced their stakes in XHR. LSV Asset Management acquired a new stake in Xenia Hotels & Resorts during the second quarter valued at $45,138,000. Prudential Financial Inc. grew its position in Xenia Hotels & Resorts by 80.0% during the second quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock valued at $43,071,000 after buying an additional 988,011 shares during the period. AJO LP grew its position in Xenia Hotels & Resorts by 1,057.6% during the second quarter. AJO LP now owns 560,206 shares of the real estate investment trust’s stock valued at $10,851,000 after buying an additional 511,814 shares during the period. Vanguard Group Inc. grew its position in shares of Xenia Hotels & Resorts by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock valued at $345,781,000 after purchasing an additional 478,107 shares during the period. Finally, Hancock Holding Co. acquired a new stake in shares of Xenia Hotels & Resorts in the second quarter valued at about $7,750,000. Institutional investors own 68.60% of the company’s stock.

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About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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