Xenia Hotels & Resorts (NYSE: XHR) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a research note issued to investors on Saturday, Zacks.com reports.
According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-advised, self-managed REIT. The company invests primarily in high-end full-service, lifestyle, urban high-end hotels, accommodation markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “
Several other analysts also commented on the headline. Raymond James raised his price target for Xenia Hotels & Resorts stock from $ 20.00 to $ 21.00 and gave the company an “outperformance” rating in a research report on Thursday, November 4. Jefferies Financial Group reaffirmed a “buy” rating and set a price target of $ 22.00 for shares of Xenia Hotels & Resorts in a research report released on Friday, October 1. One research analyst rated the stock with a sell rating, two assigned a conservation rating, and three assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $ 19.67.
XHR opened at $ 18.36 on Friday. Xenia Hotels & Resorts has a 12-month minimum of $ 14.15 and a 12-month maximum of $ 21.40. The company has a current ratio of 6.42, a rapid ratio of 6.42, and a debt ratio of 1.03. The company has a market cap of $ 2.10 billion, a PE ratio of -21.86 and a beta of 1.58. The company has a 50-day moving average of $ 17.64 and a two-hundred-day moving average of $ 17.78.
Xenia Hotels & Resorts (NYSE: XHR) last released its quarterly results on Tuesday, November 2. The real estate investment trust reported ($ 0.20) earnings per share (EPS) for the quarter, hitting analyst consensus estimates of ($ 0.20). Xenia Hotels & Resorts recorded a negative net margin of 19.72% and a negative return on equity of 6.41%. The company posted revenue of $ 172.78 million in the quarter, compared to analysts’ estimates of $ 169.98 million. During the same period last year, the company posted ($ 0.27) EPS. As a group, analysts predict that Xenia Hotels & Resorts will post 0.12 EPS for the current fiscal year.
In addition, insider Barry AN Bloom sold 50,000 shares of Xenia Hotels & Resorts in a transaction dated Wednesday, November 10. The shares were sold for an average price of $ 19.22, for a total value of $ 961,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. In addition, insider Joseph T. Johnson sold 3,070 shares of the company in a trade dated Friday, November 5. The stock was sold for an average price of $ 20.00, for a total trade of $ 61,400.00. Disclosure of this sale can be found here. 2.40% of the shares are held by insiders of the company.
Several large investors have recently bought and sold shares of XHR. Amundi Pioneer Asset Management Inc. increased its stake in the shares of Xenia Hotels & Resorts by 7.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 287,625 SICAV shares valued at $ 6,302,000 after purchasing 19,418 additional shares in the last quarter. Russell Investments Group Ltd. increased its stake in the shares of Xenia Hotels & Resorts by 446.8% in the second quarter. Russell Investments Group Ltd. Now owns 51,198 real estate investment trust shares worth $ 958,000 after purchasing an additional 41,834 shares last quarter. Envestnet Asset Management Inc. increased its stake in the shares of Xenia Hotels & Resorts by 13.2% in the second quarter. Envestnet Asset Management Inc. now owns 49,865 real estate investment trust shares valued at $ 934,000 after purchasing an additional 5,798 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Xenia Hotels & Resorts by 17.5% during the second quarter. The Texas Teachers Retirement System now owns 14,935 real estate investment trust shares worth $ 280,000 after purchasing an additional 2,227 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Xenia Hotels & Resorts by 8.3% during the second quarter. PNC Financial Services Group Inc. now owns 7,857 real estate investment trust shares valued at $ 147,000 after purchasing an additional 600 shares during the period. 85.21% of the shares are currently held by hedge funds and other institutional investors.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a real estate investment trust, which invests in luxury and upscale hotels and resorts. It also has a diverse portfolio of accommodation properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong and Loews. The company was founded in 2007 and is headquartered in Orlando, Florida.
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