Xenia Hotels & Resorts, Inc. (NYSE:XHR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

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. “

A number of other equities analysts also recently commented on XHR. Morgan Stanley lifted their price target on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, June 16th. TheStreet upgraded Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. BidaskClub downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Instinet reiterated a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.25.

Shares of Xenia Hotels & Resorts (NYSE XHR) traded up 0.3732% during mid-day trading on Thursday, hitting $19.8237. The stock had a trading volume of 147,496 shares. Xenia Hotels & Resorts has a 52 week low of $14.84 and a 52 week high of $20.64. The stock has a 50-day moving average price of $19.86 and a 200 day moving average price of $18.53. The stock has a market cap of $2.12 billion, a P/E ratio of 14.5442 and a beta of 0.77.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.41. The company had revenue of $244.39 million during the quarter, compared to the consensus estimate of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The company’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. On average, equities analysts forecast that Xenia Hotels & Resorts will post $0.90 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in XHR. Bank of Montreal Can raised its holdings in Xenia Hotels & Resorts by 1,423.5% during the first quarter. Bank of Montreal Can now owns 65,860 shares of the real estate investment trust’s stock worth $1,124,000 after purchasing an additional 61,537 shares in the last quarter. Acadian Asset Management LLC grew its position in Xenia Hotels & Resorts by 245.0% in the first quarter. Acadian Asset Management LLC now owns 86,496 shares of the real estate investment trust’s stock worth $1,476,000 after buying an additional 61,422 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Xenia Hotels & Resorts by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 104,848 shares of the real estate investment trust’s stock worth $1,790,000 after buying an additional 479 shares during the last quarter. First Trust Advisors LP grew its position in Xenia Hotels & Resorts by 6.4% in the first quarter. First Trust Advisors LP now owns 188,453 shares of the real estate investment trust’s stock worth $3,217,000 after buying an additional 11,364 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Xenia Hotels & Resorts by 37.7% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 2,300 shares during the last quarter. 64.98% of the stock is currently owned by hedge funds and other institutional investors.

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 May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 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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