Xenia Hotels & Resorts (NYSE:XHR) downgraded to “Hold” at Zacks Investment Research
Xenia Hotels & Resorts (NYSE:XHR – Get a Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, Zacks.com reports.
According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-administered, self-administered REIT. The Company invests primarily in the upscale full-service, lifestyle, upscale city hotels, lodging markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “
XHR has been the subject of a number of other research reports. TheStreet upgraded Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a Thursday, March 3 report. Oppenheimer began covering Xenia Hotels & Resorts in a report on Thursday, April 21. They set a “market performance” rating and a price target of $20.00 for the company. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a Friday, April 29 report. One stock research analyst rated the stock with a sell rating, three gave the company’s stock a hold rating and three gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.33.
Shares of XHR traded at $0.07 during Friday’s midday session, hitting $18.35. The company’s shares had a trading volume of 2,819 shares, compared to an average volume of 479,111. The company has a fifty-day moving average of $18.89 and a 200-day moving average of $18.18 . The company has a market capitalization of $2.10 billion, a price-earnings ratio of -22.57 and a beta of 1.42. Xenia Hotels & Resorts has a 1 year minimum of $15.15 and a 1 year maximum of $21.04. The company has a quick ratio of 6.93, a current ratio of 2.75 and a leverage ratio of 0.99.
Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last reported results on Tuesday, May 3. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.16 per ($0.21). The company posted revenue of $210.35 million in the quarter, compared to $196.58 million expected by analysts. Xenia Hotels & Resorts recorded a negative net margin of 12.52% and a negative return on equity of 6.37%. Xenia Hotels & Resorts revenue for the quarter increased 139.3% year-over-year. In the same quarter of the previous year, the company achieved EPS of ($0.18). On average, analysts predict that Xenia Hotels & Resorts will post 1.16 earnings per share for the current year.
In related news, insider Barry AN Bloom sold 25,000 shares in a trade on Wednesday, April 13. The stock was sold at an average price of $19.10, for a total transaction of $477,500.00. Following the completion of the sale, the insider now directly owns 267,741 shares of the company, valued at $5,113,853.10. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. 2.40% of the shares are currently held by insiders of the company.
A number of institutional investors have recently bought and sold shares of XHR. Allegheny Financial Group LTD acquired a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $58,000. CWM LLC acquired a new equity stake in Xenia Hotels & Resorts in the fourth quarter worth approximately $85,000. Van ECK Associates Corp increased its position in shares of Xenia Hotels & Resorts by 15.6% in the third quarter. Van ECK Associates Corp now owns 5,313 shares of the real estate investment trust worth $94,000 after buying 717 additional shares in the last quarter. Schroder Investment Management Group increased its position in Xenia Hotels & Resorts shares by 31.6% in the fourth quarter. Schroder Investment Management Group now owns 7,450 shares of the real estate investment trust worth $135,000 after buying 1,788 additional shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in the shares of Xenia Hotels & Resorts in the first quarter valued at approximately $143,000. 85.53% of the shares are currently held by hedge funds and other institutional investors.
Xenia Hotels & Resorts Company Profile (Get a rating)
Xenia Hotels & Resorts, Inc is a self-administered, self-administered REIT that invests in uniquely positioned luxury and upscale hotels and resorts, focusing on the top 25 lodging markets in the United States as well as major leisure destinations in the United States. The Company owns 37 hotels with 10,749 rooms in 16 states.
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