Xenia Hotels & Resorts (NYSE:XHR) Rating Lowered to Hold at Zacks Investment Research

Xenia Hotels & Resorts (NYSE:XHR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, 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 reports. B. Riley set a $42.00 price objective on shares of Carbonite and gave the company a “buy” rating in a research report on Friday, May 3rd. KeyCorp began coverage on shares of Baxter International in a research report on Tuesday, June 25th. They issued a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.80.



Shares of NYSE:XHR opened at $20.82 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.26 and a quick ratio of 2.26. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 2.03 and a beta of 1.01. Xenia Hotels & Resorts has a twelve month low of $16.47 and a twelve month high of $25.08. The stock’s 50-day simple moving average is $21.13.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $293.69 million during the quarter, compared to analyst estimates of $276.03 million. Xenia Hotels & Resorts had a net margin of 14.23% and a return on equity of 8.48%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. Sell-side analysts expect that Xenia Hotels & Resorts will post 2.06 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its position in Xenia Hotels & Resorts by 4.8% during the first quarter. Raymond James Trust N.A. now owns 13,528 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 625 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Xenia Hotels & Resorts by 3.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,840 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 668 shares during the last quarter. Independent Advisor Alliance lifted its position in Xenia Hotels & Resorts by 5.4% during the first quarter. Independent Advisor Alliance now owns 15,246 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 784 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Xenia Hotels & Resorts by 8.8% during the first quarter. Daiwa Securities Group Inc. now owns 18,500 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Xenia Hotels & Resorts by 1.4% during the fourth quarter. Two Sigma Investments LP now owns 110,763 shares of the real estate investment trust’s stock valued at $1,905,000 after purchasing an additional 1,534 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily 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 40 hotels comprising 11,167 rooms across 17 states.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

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