Xenia Hotels & Resorts Inc. (XHR) Upgraded to “Hold” by 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 note 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 analysts have also issued reports on the stock. Raymond James Financial Inc. started coverage on shares of Xenia Hotels & Resorts in a research note on Tuesday, July 26th. They issued a “market perform” rating for the company. TheStreet upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.67.
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Xenia Hotels & Resorts (NYSE:XHR) traded down 0.874% during mid-day trading on Tuesday, hitting $15.305. 269,287 shares of the stock were exchanged. The stock’s 50-day moving average is $16.02 and its 200 day moving average is $16.27. Xenia Hotels & Resorts has a 52 week low of $12.10 and a 52 week high of $19.09. The company has a market capitalization of $1.65 billion, a PE ratio of 17.612 and a beta of 0.71.
Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Friday, August 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. Xenia Hotels & Resorts had a net margin of 9.71% and a return on equity of 7.57%. The firm earned $261.38 million during the quarter, compared to analyst estimates of $257.99 million. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Xenia Hotels & Resorts will post $2.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.10 annualized dividend and a yield of 7.12%. Xenia Hotels & Resorts’s payout ratio is currently 126.44%.
Institutional investors have recently bought and sold shares of the stock. Virginia Retirement System bought a new position in Xenia Hotels & Resorts during the first quarter valued at $492,000. Prudential Financial Inc. raised its position in Xenia Hotels & Resorts by 152.3% in the first quarter. Prudential Financial Inc. now owns 1,347,350 shares of the real estate investment trust’s stock valued at $21,045,000 after buying an additional 813,250 shares during the last quarter. BlackRock Inc. raised its position in Xenia Hotels & Resorts by 14.1% in the first quarter. BlackRock Inc. now owns 110,966 shares of the real estate investment trust’s stock valued at $1,733,000 after buying an additional 13,671 shares during the last quarter. BlackRock Group LTD raised its position in Xenia Hotels & Resorts by 2.6% in the first quarter. BlackRock Group LTD now owns 749,565 shares of the real estate investment trust’s stock valued at $11,709,000 after buying an additional 19,194 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Xenia Hotels & Resorts by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,212,245 shares of the real estate investment trust’s stock valued at $65,795,000 after buying an additional 80,081 shares during the last quarter. Institutional investors own 57.50% of the company’s stock.
About Xenia Hotels & Resorts
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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