Xenia Hotels & Resorts, Inc. (XHR) Raised to “Strong-Buy” at ValuEngine

Xenia Hotels & Resorts, Inc. (NYSE:XHR) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday, October 6th.

Several other research analysts also recently issued reports on the company. TheStreet downgraded Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, September 27th. Instinet reiterated a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. Finally, BidaskClub upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Xenia Hotels & Resorts has a consensus rating of “Buy” and a consensus price target of $21.40.

Xenia Hotels & Resorts (NYSE XHR) opened at 22.00 on Friday. The firm’s 50-day moving average price is $20.85 and its 200 day moving average price is $19.36. The stock has a market cap of $2.35 billion, a PE ratio of 16.14 and a beta of 0.80. Xenia Hotels & Resorts has a 12-month low of $15.00 and a 12-month high of $22.17.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The firm had revenue of $244.39 million during the quarter, compared to the consensus estimate of $231.65 million. During the same period in the previous year, the firm posted $0.65 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts anticipate that Xenia Hotels & Resorts will post $0.90 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in XHR. BlackRock Inc. boosted its position in Xenia Hotels & Resorts by 5,506.3% during the 1st quarter. BlackRock Inc. now owns 9,533,515 shares of the real estate investment trust’s stock worth $162,736,000 after purchasing an additional 9,363,464 shares during the period. LSV Asset Management purchased a new position in Xenia Hotels & Resorts in the 2nd quarter valued at about $45,138,000. Prudential Financial Inc. boosted its position in Xenia Hotels & Resorts by 80.0% in the 2nd 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 boosted its position in Xenia Hotels & Resorts by 1,057.6% in the 2nd 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. boosted its position in Xenia Hotels & Resorts by 2.8% in 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 buying an additional 478,107 shares during the last quarter. 64.99% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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