ValuEngine Upgrades Xenia Hotels & Resorts, Inc. (XHR) to “Strong-Buy”

Xenia Hotels & Resorts, Inc. (NYSE:XHR) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Friday.

XHR has been the topic of several other research reports. Morgan Stanley boosted their target price on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, September 8th. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. Finally, BidaskClub upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.40.

Shares of Xenia Hotels & Resorts (NYSE XHR) opened at 21.39 on Friday. The firm has a market cap of $2.28 billion, a PE ratio of 15.69 and a beta of 0.80. The company has a 50 day moving average of $20.75 and a 200-day moving average of $20.75. Xenia Hotels & Resorts has a 12-month low of $15.00 and a 12-month high of $21.49.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The company had revenue of $244.39 million for the quarter, compared to the consensus estimate of $231.65 million. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts forecast that Xenia Hotels & Resorts will post $0.90 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. MPS Loria Financial Planners LLC acquired a new position in Xenia Hotels & Resorts during the 2nd quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Xenia Hotels & Resorts by 10.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 657 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Xenia Hotels & Resorts during the 1st quarter worth about $153,000. New York State Teachers Retirement System acquired a new position in Xenia Hotels & Resorts during the 1st quarter worth about $154,000. Finally, GAM Holding AG lifted its position in Xenia Hotels & Resorts by 1.1% during the 2nd quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 64.98% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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