Xenia Hotels & Resorts (NYSE:XHR) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of Xenia Hotels & Resorts (NYSE:XHR) from a buy rating to a hold rating in a research note issued to investors on Sunday, Zacks.com reports. Zacks Investment Research currently has $23.00 price target on the real estate investment trust’s stock.

According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT. The company invests primarily in premium full service, lifestyle, urban upscale hotels, lodging markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “

Separately, KeyCorp assumed coverage on Xenia Hotels & Resorts in a research report on Tuesday, June 25th. They issued an overweight rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $22.00.

NYSE:XHR opened at $21.89 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.64. Xenia Hotels & Resorts has a twelve month low of $16.47 and a twelve month high of $24.10. The company has a market cap of $2.38 billion, a PE ratio of 9.86, a P/E/G ratio of 2.04 and a beta of 1.03. The company’s 50 day moving average is $20.71 and its two-hundred day moving average is $21.03.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Xenia Hotels & Resorts had a net margin of 12.44% and a return on equity of 7.82%. The business had revenue of $304.30 million during the quarter, compared to analysts’ expectations of $292.57 million. During the same quarter last year, the company posted $0.66 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts expect that Xenia Hotels & Resorts will post 2.07 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Xenia Hotels & Resorts in the second quarter valued at approximately $241,000. Everence Capital Management Inc. acquired a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at approximately $295,000. Prudential Financial Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 8.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,679,521 shares of the real estate investment trust’s stock valued at $55,867,000 after acquiring an additional 219,150 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Xenia Hotels & Resorts by 94.4% in the 1st quarter. Rhumbline Advisers now owns 349,463 shares of the real estate investment trust’s stock valued at $7,657,000 after acquiring an additional 169,710 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Xenia Hotels & Resorts in the first quarter worth $212,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily 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 40 hotels comprising 11,167 rooms across 17 states.

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