Xenia Hotels & Resorts, Inc. (NYSE:XHR) issued its quarterly earnings data 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, Bloomberg Earnings reports. 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 analyst estimates of $231.65 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. Xenia Hotels & Resorts’s revenue was down 6.5% compared to the same quarter last year.
Xenia Hotels & Resorts (NYSE:XHR) traded down 1.06% during mid-day trading on Friday, reaching $19.54. The company’s stock had a trading volume of 607,445 shares. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 14.34 and a beta of 0.77. Xenia Hotels & Resorts has a one year low of $14.84 and a one year high of $20.64. The stock has a 50-day moving average price of $19.88 and a 200-day moving average price of $18.41.
XHR has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, June 16th. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. Zacks Investment Research lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, BidaskClub lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.25.
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Several large investors have recently bought and sold shares of XHR. BlackRock Inc. boosted its stake in Xenia Hotels & Resorts by 5,506.3% in the first quarter. BlackRock Inc. now owns 9,533,515 shares of the real estate investment trust’s stock worth $162,736,000 after buying an additional 9,363,464 shares during the period. LSV Asset Management purchased a new stake in Xenia Hotels & Resorts during the second quarter valued at about $45,138,000. Norges Bank purchased a new stake in Xenia Hotels & Resorts during the fourth quarter valued at about $22,167,000. Prudential Financial Inc. boosted its stake in Xenia Hotels & Resorts by 80.0% in 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. Finally, AJO LP boosted its stake in Xenia Hotels & Resorts by 1,057.6% in the second quarter. AJO LP now owns 560,206 shares of the real estate investment trust’s stock valued at $10,851,000 after buying an additional 511,814 shares during the last quarter. Hedge funds and other institutional investors own 66.27% of the company’s stock.
Xenia Hotels & Resorts Company Profile
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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