Zacks Investment Research cut shares of Xenia Hotels & Resorts (NYSE:XHR) from a buy rating to a hold rating in a report issued on Sunday morning, Zacks.com reports. The firm currently has $23.00 price objective on the real estate investment trust’s stock.
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. “
Separately, KeyCorp assumed coverage on shares of Xenia Hotels & Resorts in a research report on Tuesday, June 25th. They set an overweight rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Xenia Hotels & Resorts currently has an average rating of Hold and an average price target of $22.00.
XHR stock opened at $21.41 on Friday. The business’s 50-day moving average price is $20.70 and its 200-day moving average price is $21.02. The stock has a market cap of $2.38 billion, a P/E ratio of 9.64, a PEG ratio of 1.98 and a beta of 1.03. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.64. Xenia Hotels & Resorts has a twelve month low of $16.47 and a twelve month high of $24.10.
Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xenia Hotels & Resorts had a net margin of 12.44% and a return on equity of 7.82%. The company had revenue of $304.30 million during the quarter, compared to analyst estimates of $292.57 million. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts expect that Xenia Hotels & Resorts will post 2.07 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. grew its holdings in Xenia Hotels & Resorts by 27.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 28,260 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 6,075 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at about $37,000. Point72 Hong Kong Ltd bought a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at about $40,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Xenia Hotels & Resorts during the second quarter valued at about $45,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Xenia Hotels & Resorts during the second quarter valued at about $54,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
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