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

Xenia Hotels & Resorts (NYSE:XHR) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities analysts have also recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. KeyCorp increased their price target on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. B. Riley restated a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Wolfe Research assumed coverage on Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They issued a “peer perform” rating for the company. Finally, Jefferies Financial Group upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $18.00 in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.70.

Xenia Hotels & Resorts Stock Up 7.0 %

Shares of XHR opened at $14.97 on Friday. The firm has a 50 day simple moving average of $14.78 and a two-hundred day simple moving average of $13.51. The company has a market cap of $1.53 billion, a P/E ratio of 78.79 and a beta of 1.46. Xenia Hotels & Resorts has a one year low of $10.90 and a one year high of $15.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.57% and a net margin of 2.09%. The business had revenue of $253.38 million for the quarter, compared to analyst estimates of $253.00 million. Research analysts forecast that Xenia Hotels & Resorts will post 1.53 EPS for the current fiscal year.

Institutional Trading of Xenia Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Xenia Hotels & Resorts by 194.3% in the 3rd quarter. SG Americas Securities LLC now owns 64,916 shares of the real estate investment trust’s stock valued at $765,000 after purchasing an additional 42,861 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Xenia Hotels & Resorts by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 205,825 shares of the real estate investment trust’s stock worth $2,425,000 after acquiring an additional 2,489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Xenia Hotels & Resorts by 7.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,605 shares of the real estate investment trust’s stock worth $514,000 after acquiring an additional 3,099 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Xenia Hotels & Resorts by 10.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,092 shares during the period. Finally, Arete Wealth Advisors LLC bought a new stake in shares of Xenia Hotels & Resorts during the 3rd quarter valued at about $349,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.