Xenia Hotels & Resorts, Inc. (NYSE:XHR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage currently has a $22.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.17% from the stock’s current price.

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 XHR. Instinet reaffirmed a “buy” rating and issued a $22.00 target price on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. BidaskClub raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley upped their target price 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. Finally, TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Xenia Hotels & Resorts has a consensus rating of “Buy” and a consensus target price of $21.25.

Xenia Hotels & Resorts (NYSE XHR) opened at 19.79 on Friday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 14.52 and a beta of 0.77. The company has a 50-day moving average of $19.84 and a 200-day moving average of $18.54. Xenia Hotels & Resorts has a one year low of $14.84 and a one year high of $20.64.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. The business had revenue of $244.39 million during the quarter, compared to analyst estimates of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. Xenia Hotels & Resorts’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Equities research analysts expect that Xenia Hotels & Resorts will post $0.90 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $1,164,000. Public Employees Retirement System of Ohio boosted its stake in shares of Xenia Hotels & Resorts by 12.0% during the second quarter. Public Employees Retirement System of Ohio now owns 141,773 shares of the real estate investment trust’s stock valued at $2,746,000 after purchasing an additional 15,178 shares during the period. BW Gestao de Investimentos Ltda. boosted its stake in shares of Xenia Hotels & Resorts by 7.6% during the second quarter. BW Gestao de Investimentos Ltda. now owns 21,863 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 1,538 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Xenia Hotels & Resorts by 5.8% during the second quarter. Ameritas Investment Partners Inc. now owns 9,452 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 517 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Xenia Hotels & Resorts by 6.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,199 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 1,901 shares during the period. 64.98% of the stock is 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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