Xenia Hotels & Resorts Inc. (XHR) Rating Increased to Hold at Zacks Investment Research
Xenia Hotels & Resorts Inc. (NYSE:XHR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
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 research firms have also recently weighed in on XHR. Raymond James Financial Inc. started coverage on Xenia Hotels & Resorts in a report on Tuesday, July 26th. They issued a “market perform” rating on the stock. TheStreet raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, June 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.67.
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Xenia Hotels & Resorts (NYSE:XHR) traded down 0.78% during mid-day trading on Tuesday, hitting $15.32. The stock had a trading volume of 363,024 shares. Xenia Hotels & Resorts has a 52 week low of $12.10 and a 52 week high of $19.09. The firm has a market cap of $1.65 billion, a PE ratio of 17.63 and a beta of 0.71. The company’s 50 day moving average price is $16.02 and its 200 day moving average price is $16.27.
Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. The business had revenue of $261.38 million for the quarter, compared to analysts’ expectations of $257.99 million. Xenia Hotels & Resorts had a return on equity of 7.57% and a net margin of 9.71%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Analysts anticipate that Xenia Hotels & Resorts will post $2.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 7.12%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 126.44%.
Several institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its position in shares of Xenia Hotels & Resorts by 18.2% in the first quarter. LPL Financial LLC now owns 249,146 shares of the real estate investment trust’s stock valued at $3,725,000 after buying an additional 38,286 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Xenia Hotels & Resorts during the first quarter valued at about $2,708,000. Legal & General Group Plc raised its position in Xenia Hotels & Resorts by 6.8% in the first quarter. Legal & General Group Plc now owns 217,598 shares of the real estate investment trust’s stock valued at $3,396,000 after buying an additional 13,773 shares during the last quarter. Renaissance Technologies LLC bought a new position in Xenia Hotels & Resorts during the first quarter valued at about $786,000. Finally, Arete Wealth Advisors LLC raised its position in Xenia Hotels & Resorts by 1.0% in the first quarter. Arete Wealth Advisors LLC now owns 46,654 shares of the real estate investment trust’s stock valued at $729,000 after buying an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 57.50% of the company’s stock.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.
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