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 to clients and investors on Saturday. The firm currently has a $23.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.92% 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. “

A number of other analysts also recently issued reports on the stock. TheStreet raised shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. BidaskClub downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley raised their price target on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, June 16th. Finally, Instinet reaffirmed a “buy” rating and set a $22.00 price target on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Xenia Hotels & Resorts has a consensus rating of “Buy” and a consensus target price of $21.50.

Xenia Hotels & Resorts (NYSE:XHR) opened at 20.55 on Friday. The company has a market cap of $2.19 billion, a PE ratio of 15.08 and a beta of 0.77. The company has a 50-day moving average of $20.30 and a 200 day moving average of $19.01. Xenia Hotels & Resorts has a 52-week low of $14.84 and a 52-week high of $21.10.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 15.99% and a return on equity of 8.91%. Xenia Hotels & Resorts’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. Equities research analysts predict that Xenia Hotels & Resorts will post $0.90 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in XHR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 valued at $119,000 after acquiring an additional 657 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of 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 valued at $143,000 after acquiring an additional 2,300 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $153,000. New York State Teachers Retirement System purchased a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $154,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $171,000. 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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