Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.40.
A number of research firms have recently weighed in on XHR. B. Riley raised Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, May 10th. Oppenheimer began coverage on Xenia Hotels & Resorts in a research note on Thursday, April 21st. They issued a “market perform” rating and a $20.00 target price for the company. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Finally, KeyCorp reduced their price target on Xenia Hotels & Resorts from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, June 28th.
Xenia Hotels & Resorts Trading Up 3.5 %
Shares of XHR stock opened at $15.85 on Wednesday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $16.39 and a two-hundred day moving average price of $17.77. Xenia Hotels & Resorts has a 12-month low of $13.18 and a 12-month high of $20.41. The firm has a market cap of $1.81 billion, a P/E ratio of -19.57 and a beta of 1.48.
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Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.21). Xenia Hotels & Resorts had a negative return on equity of 6.37% and a negative net margin of 12.52%. The firm had revenue of $210.35 million for the quarter, compared to the consensus estimate of $196.58 million. During the same period last year, the firm earned ($0.18) EPS. The company’s revenue for the quarter was up 139.3% on a year-over-year basis. Equities analysts anticipate that Xenia Hotels & Resorts will post 1.35 EPS for the current fiscal year.
Insiders Place Their Bets
In other Xenia Hotels & Resorts news, insider Barry A. N. Bloom sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $19.09, for a total transaction of $477,250.00. Following the transaction, the insider now owns 217,741 shares in the company, valued at approximately $4,156,675.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.
Institutional Trading of Xenia Hotels & Resorts
Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Xenia Hotels & Resorts by 17.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,224 shares of the real estate investment trust’s stock valued at $737,000 after acquiring an additional 5,635 shares in the last quarter. Citigroup Inc. lifted its position in Xenia Hotels & Resorts by 6.2% in the 4th quarter. Citigroup Inc. now owns 166,197 shares of the real estate investment trust’s stock valued at $3,010,000 after acquiring an additional 9,663 shares in the last quarter. Inspire Investing LLC bought a new position in Xenia Hotels & Resorts in the 1st quarter valued at approximately $235,000. ProShare Advisors LLC lifted its position in Xenia Hotels & Resorts by 62.1% in the 4th quarter. ProShare Advisors LLC now owns 28,496 shares of the real estate investment trust’s stock valued at $516,000 after acquiring an additional 10,914 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Xenia Hotels & Resorts by 22.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,578,685 shares of the real estate investment trust’s stock valued at $28,589,000 after acquiring an additional 293,039 shares in the last quarter. 85.53% of the stock is owned by institutional investors.
Xenia Hotels & Resorts Company Profile
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 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states.
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