Xenia Hotels & Resorts (XHR) Raised to “Hold” at Zacks Investment Research

Xenia Hotels & Resorts (NYSE:XHR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Sunday.

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 have also weighed in on XHR. TheStreet lowered shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research report on Tuesday, September 26th. ValuEngine upgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Wells Fargo & Co lifted their price objective on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. FBR & Co initiated coverage on shares of Xenia Hotels & Resorts in a research report on Friday, October 27th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, B. Riley reiterated a “hold” rating and issued a $23.00 price objective on shares of Xenia Hotels & Resorts in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Xenia Hotels & Resorts has an average rating of “Buy” and an average price target of $21.83.

Xenia Hotels & Resorts (NYSE XHR) opened at $22.45 on Friday. Xenia Hotels & Resorts has a 1 year low of $16.21 and a 1 year high of $22.76. The company has a debt-to-equity ratio of 0.78, a current ratio of 6.86 and a quick ratio of 6.86. The firm has a market cap of $2,379.01, a price-to-earnings ratio of 17.68, a P/E/G ratio of 2.22 and a beta of 0.80.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. MPS Loria Financial Planners LLC purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth $111,000. Ameritas Investment Partners Inc. boosted its position in shares of Xenia Hotels & Resorts by 5.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,452 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 517 shares in the last quarter. Madden Advisory Services Inc. boosted its position in shares of Xenia Hotels & Resorts by 1,995.1% during the 2nd quarter. Madden Advisory Services Inc. now owns 10,727 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 10,215 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Xenia Hotels & Resorts during the 3rd quarter worth $215,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Xenia Hotels & Resorts during the 3rd quarter worth $226,000. Institutional investors own 68.59% of the company’s stock.

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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.

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