Xenia Hotels & Resorts (NYSE:XHR) downgraded by StockNews.com to be sold

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Xenia Hotels & Resorts (NYSE:XHR – Get a Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note released Saturday to investors.

XHR has been the subject of several other research reports. TheStreet upgraded Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a Thursday, March 3 research report. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “buy” to a “hold” rating in a research report on Saturday, January 8. One analyst rated the stock with a sell rating, two gave the company a hold rating and three gave the company’s stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.80.

Xenia Hotels & Resorts stock opened Friday at $18.70. Xenia Hotels & Resorts has a fifty-two week minimum of $15.15 and a fifty-two week maximum of $21.40. The company has a debt ratio of 1.04, a quick ratio of 6.42 and a current ratio of 6.93. The company has a market capitalization of $2.14 billion, a P/E ratio of -14.84 and a beta of 1.53. The stock has a 50-day simple moving average of $18.13 and a 200-day simple moving average of $17.73.

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Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last released its results on Tuesday, March 1. The real estate investment trust reported ($0.20) earnings per share for the quarter, missing Thomson Reuters consensus estimate of $0.15 per ($0.35). Xenia Hotels & Resorts recorded a negative net margin of 23.29% and a negative return on equity of 9.76%. The company posted revenue of $203.60 million in the quarter, compared to $182.89 million expected by analysts. In the same period a year earlier, the company posted ($0.24) earnings per share. The company’s revenue for the quarter increased 169.0% year over year. As a group, analysts expect Xenia Hotels & Resorts to post 1.19 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in Xenia Hotels & Resorts by 0.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 161,939 shares of the real estate investment trust worth $2,873,000 after purchasing an additional 614 shares during the period. Thrivent Financial for Lutherans increased its holdings of Xenia Hotels & Resorts shares by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 92,945 shares of the real estate investment trust worth $1,683,000 after acquiring an additional 629 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings of Xenia Hotels & Resorts shares by 5.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,627 shares of the real estate investment trust worth $229,000 after acquiring an additional 666 shares during the period. Advisor Partners LLC increased its holdings of Xenia Hotels & Resorts shares by 6.2% in the 4th quarter. Advisor Partners LLC now owns 12,171 shares of the real estate investment trust worth $221,000 after acquiring an additional 715 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Xenia Hotels & Resorts by 15.6% in the third quarter. Van ECK Associates Corp now owns 5,313 shares of the real estate investment trust worth $94,000 after acquiring an additional 717 shares during the period. Institutional investors hold 84.31% of the company’s shares.

Xenia Hotels & Resorts Company Profile (Get an evaluation)

Xenia Hotels & Resorts, Inc is a real estate investment trust that invests in luxury and upscale hotels and resorts. It also has a diverse portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong and Loews. The company was founded in 2007 and is based in Orlando, Florida.

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