Xenia Hotels & Resorts (NYSE:XHR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a report released on Wednesday.

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 research analysts also recently weighed in on XHR. TheStreet downgraded Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a report on Tuesday, September 26th. Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $19.50 to $20.00 and gave the stock an “outperform” rating in a report on Friday, October 6th. ValuEngine upgraded Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. Instinet reiterated a “buy” rating and issued a $22.00 target price on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. Finally, FBR & Co began coverage on Xenia Hotels & Resorts in a report on Friday, October 27th. They issued a “neutral” rating and a $23.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Xenia Hotels & Resorts currently has an average rating of “Buy” and an average price target of $21.86.

Shares of Xenia Hotels & Resorts (NYSE XHR) opened at $21.58 on Wednesday. The firm has a market capitalization of $2,309.64, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.80. The company has a quick ratio of 6.86, a current ratio of 6.86 and a debt-to-equity ratio of 0.78. Xenia Hotels & Resorts has a 1-year low of $16.21 and a 1-year high of $22.30.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.38. The business had revenue of $223.28 million during the quarter, compared to the consensus estimate of $219.67 million. Xenia Hotels & Resorts had a return on equity of 8.34% and a net margin of 15.23%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. equities analysts anticipate that Xenia Hotels & Resorts will post 1.92 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Xenia Hotels & Resorts by 5,506.3% during the first quarter. BlackRock Inc. now owns 9,533,515 shares of the real estate investment trust’s stock valued at $162,736,000 after buying an additional 9,363,464 shares during the last quarter. LSV Asset Management purchased a new position in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $45,138,000. Brown Advisory Inc. boosted its position in shares of Xenia Hotels & Resorts by 8,325.0% during the fourth quarter. Brown Advisory Inc. now owns 1,583,908 shares of the real estate investment trust’s stock valued at $30,760,000 after buying an additional 1,565,108 shares during the last quarter. Norges Bank purchased a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $22,167,000. Finally, Prudential Financial Inc. boosted its position in shares of Xenia Hotels & Resorts by 80.0% during the second quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock valued at $43,071,000 after buying an additional 988,011 shares during the last quarter. 68.60% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/12/06/xenia-hotels-resorts-xhr-downgraded-by-zacks-investment-research.html.

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 October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

Get a free copy of the Zacks research report on Xenia Hotels & Resorts (XHR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

Receive News & Ratings for Xenia Hotels & Resorts Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts Inc and related companies with MarketBeat.com's FREE daily email newsletter.