Xenia Hotels & Resorts (NYSE:XHR) Downgraded to “Hold” at Zacks Investment Research

Xenia Hotels & Resorts (NYSE:XHRGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

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. “

XHR has been the subject of a number of other research reports. TheStreet upgraded Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Thursday, March 3rd. Oppenheimer started coverage on Xenia Hotels & Resorts in a report on Thursday, April 21st. They set a “market perform” rating and a $20.00 price objective for the company. Finally, StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.33.

Shares of XHR traded up $0.07 during mid-day trading on Friday, reaching $18.35. The company’s stock had a trading volume of 2,819 shares, compared to its average volume of 479,111. The business has a fifty day moving average of $18.89 and a 200 day moving average of $18.18. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -22.57 and a beta of 1.42. Xenia Hotels & Resorts has a 1 year low of $15.15 and a 1 year high of $21.04. The company has a quick ratio of 6.93, a current ratio of 2.75 and a debt-to-equity ratio of 0.99.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last released its earnings results on Tuesday, May 3rd. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.21). The business had revenue of $210.35 million during the quarter, compared to analysts’ expectations of $196.58 million. Xenia Hotels & Resorts had a negative net margin of 12.52% and a negative return on equity of 6.37%. Xenia Hotels & Resorts’s revenue for the quarter was up 139.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.18) EPS. On average, analysts predict that Xenia Hotels & Resorts will post 1.16 earnings per share for the current year.

In related news, insider Barry A. N. Bloom sold 25,000 shares of the stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $19.10, for a total transaction of $477,500.00. Following the completion of the sale, the insider now directly owns 267,741 shares in the company, valued at $5,113,853.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of XHR. Allegheny Financial Group LTD acquired a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $58,000. CWM LLC acquired a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $85,000. Van ECK Associates Corp grew its position in shares of 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 purchasing an additional 717 shares during the last quarter. Schroder Investment Management Group grew its position in shares of 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 purchasing an additional 1,788 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at about $143,000. 85.53% of the stock is currently 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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