Xenia Hotels & Resorts, Inc. (XHR) Rating Reiterated by Instinet
Xenia Hotels & Resorts, Inc. (NYSE:XHR)‘s stock had its “buy” rating reaffirmed by analysts at Instinet in a research note issued on Tuesday. They presently have a $22.00 price target on the real estate investment trust’s stock. Instinet’s price target suggests a potential upside of 11.68% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research note on Saturday, May 13th. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. Morgan Stanley raised their price objective on 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. Finally, BidaskClub downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Xenia Hotels & Resorts has an average rating of “Buy” and an average price target of $21.25.
Shares of Xenia Hotels & Resorts (XHR) opened at 19.70 on Tuesday. Xenia Hotels & Resorts has a one year low of $14.84 and a one year high of $20.64. The firm’s 50-day moving average is $19.88 and its 200-day moving average is $18.46. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 14.45 and a beta of 0.77.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.18 by $0.41. The business had revenue of $244.39 million during the quarter, compared to analysts’ expectations of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Equities research analysts forecast that Xenia Hotels & Resorts will post $0.86 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Xenia Hotels & Resorts by 5,506.3% in the first quarter. BlackRock Inc. now owns 9,533,515 shares of the real estate investment trust’s stock valued at $162,736,000 after buying an additional 9,363,464 shares during the last quarter. LSV Asset Management purchased a new position in Xenia Hotels & Resorts during the second quarter valued at $45,138,000. Prudential Financial Inc. increased its position in Xenia Hotels & Resorts by 80.0% in the second quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock valued at $43,071,000 after buying an additional 988,011 shares during the last quarter. AJO LP increased its position in Xenia Hotels & Resorts by 1,057.6% in the second quarter. AJO LP now owns 560,206 shares of the real estate investment trust’s stock valued at $10,851,000 after buying an additional 511,814 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Xenia Hotels & Resorts by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock valued at $345,781,000 after buying an additional 478,107 shares during the last quarter. 64.98% 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 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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