Xenia Hotels & Resorts (NYSE:XHR) Upgraded to “Overweight” by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from an equal weight rating to an overweight rating in a report published on Friday, MarketBeat reports. The brokerage currently has $15.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $16.00.

Separately, B. Riley reduced their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a neutral rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Xenia Hotels & Resorts currently has a consensus rating of Hold and an average price target of $15.30.

Xenia Hotels & Resorts Trading Down 0.7 %

XHR opened at $13.82 on Friday. The business has a 50 day simple moving average of $13.69 and a two-hundred day simple moving average of $14.27. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 72.74 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 2.26. Xenia Hotels & Resorts has a one year low of $10.92 and a one year high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The firm had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $275.66 million. During the same quarter last year, the company posted $0.47 EPS. The firm’s revenue was up .7% on a year-over-year basis. Analysts predict that Xenia Hotels & Resorts will post 1.54 EPS for the current year.

Institutional Trading of Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in XHR. Meeder Asset Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter worth approximately $25,000. VitalStone Financial LLC boosted its stake in Xenia Hotels & Resorts by 54.4% during the 4th quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 875 shares during the last quarter. Principal Securities Inc. purchased a new stake in Xenia Hotels & Resorts during the 4th quarter valued at $64,000. EntryPoint Capital LLC purchased a new stake in Xenia Hotels & Resorts during the 1st quarter valued at $135,000. Finally, Algert Global LLC purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at $147,000. Hedge funds and other institutional investors 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.