Research analysts at BMO Capital Markets started coverage on shares of Xenia Hotels & Resorts (NYSE:XHR) in a research note issued on Wednesday, The Fly reports. The brokerage set a “market perform” rating and a $21.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential upside of 1.30% from the company’s current price.

Several other research firms have also issued reports on XHR. KeyCorp assumed coverage on shares of Xenia Hotels & Resorts in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $24.00 price objective for the company. Zacks Investment Research reaffirmed a “hold” rating on shares of Xenia Hotels & Resorts in a research note on Saturday, October 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of XHR stock traded down $0.08 on Wednesday, hitting $20.73. The company’s stock had a trading volume of 400,484 shares, compared to its average volume of 779,219. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.40 and a quick ratio of 2.40. Xenia Hotels & Resorts has a fifty-two week low of $16.47 and a fifty-two week high of $23.33. The firm’s fifty day moving average price is $20.91 and its 200-day moving average price is $21.27. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 2.02 and a beta of 1.03.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the 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 analyst estimates of $292.57 million. During the same quarter in the previous year, the business earned $0.66 EPS. Xenia Hotels & Resorts’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts predict that Xenia Hotels & Resorts will post 2.08 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in XHR. Nuveen Asset Management LLC acquired a new position in Xenia Hotels & Resorts during the 2nd quarter worth $17,206,000. Morgan Stanley lifted its position in Xenia Hotels & Resorts by 769.8% during the 2nd quarter. Morgan Stanley now owns 524,838 shares of the real estate investment trust’s stock worth $10,942,000 after acquiring an additional 464,495 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Xenia Hotels & Resorts by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 18,344,971 shares of the real estate investment trust’s stock worth $382,492,000 after purchasing an additional 361,134 shares during the period. Northern Trust Corp increased its holdings in shares of Xenia Hotels & Resorts by 9.3% during the 2nd quarter. Northern Trust Corp now owns 2,702,277 shares of the real estate investment trust’s stock worth $56,343,000 after purchasing an additional 230,996 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Xenia Hotels & Resorts by 162.3% during the 2nd quarter. Mackenzie Financial Corp now owns 362,800 shares of the real estate investment trust’s stock worth $7,564,000 after purchasing an additional 224,500 shares during the period. 87.58% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Company Profile

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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