Xenia Hotels & Resorts, Inc. (NYSE:XHR) – KeyCorp research analysts raised their second quarter 2022 earnings per share (EPS) estimates for Xenia Hotels & Resorts in a research note released Wednesday, February 9. KeyCorp analyst A. Wurschmidt now expects the real estate investment trust to post earnings of $0.35 per share for the quarter, up from its previous forecast of $0.34. KeyCorp also released Xenia Hotels & Resorts earnings estimates for the third quarter of 2022 at $0.32 EPS.
A number of other stock analysts have also weighed in on the company recently. Raymond James raised his price target on Xenia Hotels & Resorts from $20.00 to $21.00 and gave the stock an “outperform” rating in a Thursday, Nov. 4, report. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a Saturday, January 8 report. One research analyst rated the stock with a sell rating, two gave the stock a hold rating, and three gave the stock a buy rating. According to data from MarketBeat.com, Xenia Hotels & Resorts currently has a consensus rating of “Hold” and a consensus price target of $19.67.
Shares of XHR opened at $18.63 on Friday. The company has a market capitalization of $2.13 billion, a PE ratio of -22.18 and a beta of 1.58. The company has a quick ratio of 6.42, a current ratio of 6.42 and a debt ratio of 1.03. Xenia Hotels & Resorts has a 52-week minimum of $15.15 and a 52-week maximum of $21.40. The stock has a fifty-day simple moving average of $17.64 and a two-hundred-day simple moving average of $17.57.
A number of institutional investors have recently changed their positions in the stock. Vanguard Group Inc. increased its stake in Xenia Hotels & Resorts by 1.5% during the second quarter. Vanguard Group Inc. now owns 18,956,947 shares of the real estate investment trust worth $355,064,000 after acquiring an additional 281,285 shares during the period. State Street Corp increased its stake in Xenia Hotels & Resorts by 1.6% in the second quarter. State Street Corp now owns 5,989,041 shares of the real estate investment trust valued at $112,175,000 after acquiring an additional 94,379 shares during the period. JPMorgan Chase & Co. increased its stake in Xenia Hotels & Resorts by 12.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,801,669 shares of the real estate investment trust valued at $50,738,000 after acquiring an additional 301,452 shares during the period. Geode Capital Management LLC increased its stake in Xenia Hotels & Resorts by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,422,805 shares of the real estate investment trust valued at $45,379,000 after acquiring an additional 65,350 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Xenia Hotels & Resorts by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,664,652 shares of the real estate investment trust worth $29,533,000 after acquiring an additional 15,169 shares during the period. Institutional investors hold 84.53% of the company’s shares.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a real estate investment trust that invests in luxury and upscale hotels and resorts. It also has a diverse portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong and Loews. The company was founded in 2007 and is based in Orlando, Florida.
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