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

Zacks Investment Research lowered shares of Xenia Hotels & Resorts (NYSE:XHR) from a buy rating to a hold rating in a report released on Sunday, Zacks.com reports. Zacks Investment Research currently has $23.00 price target on the real estate investment trust’s stock.

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. “

Separately, KeyCorp began coverage on Xenia Hotels & Resorts in a research note on Tuesday, June 25th. They issued an overweight rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Xenia Hotels & Resorts currently has a consensus rating of Hold and a consensus price target of $22.00.

Xenia Hotels & Resorts stock opened at $21.41 on Friday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 1.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.40 and a quick ratio of 2.40. Xenia Hotels & Resorts has a 1 year low of $16.47 and a 1 year high of $24.10. The firm has a 50-day moving average of $20.70 and a two-hundred day moving average of $21.02.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Xenia Hotels & Resorts had a net margin of 12.44% and a return on equity of 7.82%. The business had revenue of $304.30 million for the quarter, compared to analyst estimates of $292.57 million. During the same period last year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts expect that Xenia Hotels & Resorts will post 2.07 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in XHR. Dimensional Fund Advisors LP lifted its stake in Xenia Hotels & Resorts by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,702,166 shares of the real estate investment trust’s stock worth $29,277,000 after acquiring an additional 23,236 shares during the period. Geode Capital Management LLC raised its holdings in shares of Xenia Hotels & Resorts by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 1,788,735 shares of the real estate investment trust’s stock valued at $30,766,000 after purchasing an additional 110,807 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at about $179,000. Rhumbline Advisers lifted its position in shares of Xenia Hotels & Resorts by 94.4% in the 1st quarter. Rhumbline Advisers now owns 349,463 shares of the real estate investment trust’s stock worth $7,657,000 after purchasing an additional 169,710 shares during the period. Finally, Texas Permanent School Fund purchased a new stake in shares of Xenia Hotels & Resorts in the 1st quarter worth approximately $577,000. Hedge funds and other institutional investors own 87.48% 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.

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