Oppenheimer Initiates Coverage on Xenia Hotels & Resorts (NYSE:XHR)

Investment analysts at Oppenheimer initiated coverage on shares of Xenia Hotels & Resorts (NYSE:XHRGet Rating) in a research report issued on Thursday, The Fly reports. The brokerage set a “market perform” rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Xenia Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Thursday, April 7th. TheStreet upgraded Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Thursday, March 3rd. Finally, StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of “Buy” and a consensus price target of $21.60.

XHR stock traded up $0.14 during mid-day trading on Thursday, reaching $19.53. 20,043 shares of the company’s stock were exchanged, compared to its average volume of 546,263. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -15.50 and a beta of 1.52. The stock’s 50 day moving average is $18.76 and its 200 day moving average is $18.09. The company has a debt-to-equity ratio of 1.04, a current ratio of 6.93 and a quick ratio of 6.93. Xenia Hotels & Resorts has a 12-month low of $15.15 and a 12-month high of $21.04.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Xenia Hotels & Resorts had a negative return on equity of 9.76% and a negative net margin of 23.29%. The business had revenue of $203.60 million for the quarter, compared to analysts’ expectations of $182.89 million. During the same quarter in the prior year, the company posted ($0.24) EPS. The business’s revenue for the quarter was up 169.0% compared to the same quarter last year. On average, research analysts forecast that Xenia Hotels & Resorts will post 1.14 earnings per share for the current fiscal year.

In related news, insider Barry A. N. Bloom sold 25,000 shares of Xenia Hotels & Resorts stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $19.10, for a total value of $477,500.00. Following the completion of the transaction, the insider now directly owns 267,741 shares in the company, valued at $5,113,853.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in XHR. Allegheny Financial Group LTD purchased a new position in Xenia Hotels & Resorts in the fourth quarter valued at $58,000. CWM LLC acquired a new stake in Xenia Hotels & Resorts in the fourth quarter valued at $85,000. Van ECK Associates Corp raised its stake in Xenia Hotels & Resorts by 15.6% in the third quarter. Van ECK Associates Corp now owns 5,313 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 717 shares in the last quarter. Schroder Investment Management Group raised its stake in Xenia Hotels & Resorts by 31.6% in the fourth quarter. Schroder Investment Management Group now owns 7,450 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 1,788 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new stake in Xenia Hotels & Resorts in the third quarter valued at $187,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Xenia Hotels & Resorts Company Profile (Get Rating)

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states.

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