Xenia Hotels & Resorts (NYSE:XHR) Stock Rating Upgraded by Wall Street Zen

Xenia Hotels & Resorts (NYSE:XHR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other analysts also recently commented on the stock. BMO Capital Markets downgraded shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $22.00 to $20.50 in a report on Tuesday, September 1st. Wells Fargo & Company upped their price target on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.12.

Xenia Hotels & Resorts Stock Down 0.1%

XHR stock opened at $21.38 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $1.97 billion, a PE ratio of 534.53 and a beta of 1.19. Xenia Hotels & Resorts has a 1-year low of $12.86 and a 1-year high of $22.06. The business’s 50 day simple moving average is $18.78 and its 200 day simple moving average is $17.72.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. Xenia Hotels & Resorts had a return on equity of 0.33% and a net margin of 0.34%. The business had revenue of $263.83 million for the quarter, compared to analysts’ expectations of $256.91 million. During the same quarter in the prior year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, research analysts anticipate that Xenia Hotels & Resorts will post 1.89 EPS for the current year.

Institutional Trading of Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at approximately $348,760,000. Allspring Global Investments Holdings LLC increased its position in Xenia Hotels & Resorts by 26.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,336,404 shares of the real estate investment trust’s stock worth $42,219,000 after purchasing an additional 487,999 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Xenia Hotels & Resorts by 4.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,677,259 shares of the real estate investment trust’s stock worth $39,704,000 after purchasing an additional 121,052 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Xenia Hotels & Resorts by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,418 shares of the real estate investment trust’s stock valued at $19,878,000 after purchasing an additional 8,858 shares during the last quarter. Finally, Algert Global LLC bought a new position in Xenia Hotels & Resorts in the 2nd quarter valued at approximately $19,560,000. Institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia’s properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company’s portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.