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 research analysts have also issued reports on the stock. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. BidaskClub lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Morgan Stanley boosted their price target on shares of 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, Instinet reiterated a “buy” rating and set a $22.00 price target on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.25.

Xenia Hotels & Resorts (XHR) opened at 20.34 on Thursday. Xenia Hotels & Resorts has a 52 week low of $14.84 and a 52 week high of $20.35. The company has a 50-day moving average of $20.14 and a 200-day moving average of $18.32. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.92 and a beta of 0.77.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.41. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The business had revenue of $244.39 million for the quarter, compared to analyst estimates of $231.65 million. During the same period in the previous year, the business posted $0.65 earnings per share. The business’s revenue was down 6.5% compared to the same quarter last year. Analysts anticipate that Xenia Hotels & Resorts will post $0.90 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Xenia Hotels & Resorts by 10.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 657 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Xenia Hotels & Resorts by 37.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 2,300 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Xenia Hotels & Resorts during the 1st quarter worth $153,000. New York State Teachers Retirement System acquired a new position in Xenia Hotels & Resorts during the 1st quarter worth $154,000. Finally, Virginia Retirement Systems ET AL acquired a new position in Xenia Hotels & Resorts during the 1st quarter worth $171,000. 64.98% of the stock is owned by 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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