Xenia Hotels & Resorts, Inc. (NYSE:XHR) – Investment analysts at B. Riley increased their FY2017 earnings estimates for shares of Xenia Hotels & Resorts in a research note issued to investors on Thursday. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $1.92 for the year, up from their previous forecast of $1.89. B. Riley currently has a “Hold” rating and a $23.00 target price on the stock. B. Riley also issued estimates for Xenia Hotels & Resorts’ Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.48 EPS and FY2018 earnings at $1.99 EPS.

Other analysts have also recently issued reports about the stock. TheStreet cut shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Wells Fargo & Company lifted their price objective on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an “outperform” rating in a research note on Friday, October 6th. Finally, FBR & Co began coverage on shares of Xenia Hotels & Resorts in a research note on Friday, October 27th. They set a “neutral” rating and a $23.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $21.86.

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Shares of Xenia Hotels & Resorts (XHR) opened at $21.69 on Monday. The company has a market cap of $2,313.91, a P/E ratio of 10.42, a P/E/G ratio of 2.24 and a beta of 0.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 6.86 and a quick ratio of 6.86. Xenia Hotels & Resorts has a 12 month low of $16.21 and a 12 month high of $22.30.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.38. The company had revenue of $223.28 million during the quarter, compared to analysts’ expectations of $219.67 million. Xenia Hotels & Resorts had a net margin of 15.23% and a return on equity of 8.34%. Xenia Hotels & Resorts’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Xenia Hotels & Resorts by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock valued at $345,781,000 after purchasing an additional 478,107 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Xenia Hotels & Resorts by 2.3% during the 2nd quarter. BlackRock Inc. now owns 9,754,449 shares of the real estate investment trust’s stock valued at $188,943,000 after purchasing an additional 220,934 shares in the last quarter. State Street Corp increased its holdings in shares of Xenia Hotels & Resorts by 5.4% during the 2nd quarter. State Street Corp now owns 3,903,944 shares of the real estate investment trust’s stock valued at $75,621,000 after purchasing an additional 199,990 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Xenia Hotels & Resorts by 15.2% during the 3rd quarter. Prudential Financial Inc. now owns 2,560,869 shares of the real estate investment trust’s stock valued at $53,906,000 after purchasing an additional 337,288 shares in the last quarter. Finally, LSV Asset Management purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at approximately $45,138,000. 65.84% of the stock is owned by hedge funds and other institutional investors.

About Xenia Hotels & Resorts

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 October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 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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