Xenia Hotels & Resorts (NYSE:XHR) Upgraded to Hold at StockNews.com

Xenia Hotels & Resorts (NYSE:XHRGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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

XHR opened at $19.77 on Thursday. The company has a market cap of $2.26 billion, a PE ratio of -15.69 and a beta of 1.52. The stock has a 50-day moving average of $18.76 and a 200-day moving average of $18.09. Xenia Hotels & Resorts has a 52-week low of $15.15 and a 52-week high of $21.04. The company has a debt-to-equity ratio of 1.04, a quick ratio of 6.93 and a current ratio of 6.93.

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

In other Xenia Hotels & Resorts news, insider Barry A. N. Bloom sold 25,000 shares of the company’s stock in a transaction that occurred 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 owns 267,741 shares of the company’s stock, valued at approximately $5,113,853.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System raised its holdings in shares of Xenia Hotels & Resorts by 1.3% in the 1st quarter. Maryland State Retirement & Pension System now owns 45,798 shares of the real estate investment trust’s stock worth $883,000 after buying an additional 598 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Xenia Hotels & Resorts by 0.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 92,945 shares of the real estate investment trust’s stock worth $1,683,000 after buying an additional 629 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Xenia Hotels & Resorts by 5.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,627 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 666 shares in the last quarter. Advisor Partners LLC raised its holdings in shares of Xenia Hotels & Resorts by 6.2% in the 4th quarter. Advisor Partners LLC now owns 12,171 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 715 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Xenia Hotels & Resorts by 15.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,313 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 717 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

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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