Xenia Hotels & Resorts, Inc. (XHR) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) from a hold rating to a buy rating in a research note issued to investors on Tuesday, August 1st.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Xenia Hotels & Resorts from a sell rating to a hold rating and set a $20.00 target price for the company in a research note on Saturday, May 13th. TheStreet upgraded Xenia Hotels & Resorts from a c+ rating to a b- rating in a research note on Wednesday, June 21st. Finally, Morgan Stanley boosted their price target on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an equal weight rating in a research note on Friday, June 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Xenia Hotels & Resorts presently has a consensus rating of Buy and an average price target of $21.25.

Shares of Xenia Hotels & Resorts (NYSE XHR) traded down 1.06% during midday trading on Tuesday, reaching $19.54. The company’s stock had a trading volume of 607,445 shares. The company has a 50-day moving average price of $19.88 and a 200-day moving average price of $18.41. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 14.34 and a beta of 0.77. Xenia Hotels & Resorts has a 12 month low of $14.84 and a 12 month 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The company had revenue of $244.39 million during the quarter, compared to the consensus estimate of $231.65 million. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities analysts expect that Xenia Hotels & Resorts will post $0.50 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Xenia Hotels & Resorts by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 104,848 shares of the real estate investment trust’s stock worth $1,790,000 after buying an additional 479 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in Xenia Hotels & Resorts during the first quarter worth approximately $224,000. Acadian Asset Management LLC boosted its position in Xenia Hotels & Resorts by 245.0% in the first quarter. Acadian Asset Management LLC now owns 86,496 shares of the real estate investment trust’s stock worth $1,476,000 after buying an additional 61,422 shares during the period. James Investment Research Inc. acquired a new position in Xenia Hotels & Resorts during the first quarter worth approximately $133,000. Finally, State of Alaska Department of Revenue boosted its position in Xenia Hotels & Resorts by 32.3% in the first quarter. State of Alaska Department of Revenue now owns 57,950 shares of the real estate investment trust’s stock worth $988,000 after buying an additional 14,140 shares during the period. 66.27% 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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