Xenia Hotels & Resorts, Inc. (XHR) Upgraded to “B-” by TheStreet

TheStreet upgraded shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) from a c+ rating to a b- rating in a research note published on Wednesday morning.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Xenia Hotels & Resorts from a buy rating to a hold rating in a report on Tuesday, September 26th. BidaskClub upgraded Xenia Hotels & Resorts from a hold rating to a buy rating in a report on Tuesday, August 1st. Wells Fargo & Company lifted their price objective on Xenia Hotels & Resorts from $19.50 to $20.00 and gave the stock an outperform rating in a report on Friday, October 6th. Finally, ValuEngine upgraded Xenia Hotels & Resorts from a buy rating to a strong-buy rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $21.40.

Xenia Hotels & Resorts (NYSE:XHR) traded down 0.14% during trading on Wednesday, hitting $21.97. The stock had a trading volume of 586,402 shares. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 16.12 and a beta of 0.80. The firm’s 50-day moving average price is $20.93 and its 200-day moving average price is $20.93. Xenia Hotels & Resorts has a 52-week low of $15.00 and a 52-week high of $22.17.

Xenia Hotels & Resorts (NYSE:XHR) last posted 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 company had revenue of $244.39 million for the quarter, compared to analysts’ expectations of $231.65 million. During the same period in the previous year, the firm posted $0.65 EPS. Xenia Hotels & Resorts’s revenue was down 6.5% compared to the same quarter last year. Analysts predict that Xenia Hotels & Resorts will post $0.90 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Xenia Hotels & Resorts, Inc. (XHR) Upgraded to “B-” by TheStreet” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://sportsperspectives.com/2017/10/13/xenia-hotels-resorts-inc-xhr-upgraded-to-b-by-thestreet.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, September 28th. Xenia Hotels & Resorts’s dividend payout ratio is currently 81.48%.

Several institutional investors have recently modified their holdings of XHR. BlackRock Inc. boosted its holdings in shares of 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 last quarter. LSV Asset Management acquired a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $45,138,000. Prudential Financial Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 80.0% during the 2nd quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock worth $43,071,000 after purchasing an additional 988,011 shares during the last quarter. AJO LP boosted its holdings in shares of Xenia Hotels & Resorts by 1,057.6% during the 2nd quarter. AJO LP now owns 560,206 shares of the real estate investment trust’s stock worth $10,851,000 after purchasing an additional 511,814 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 worth $345,781,000 after purchasing an additional 478,107 shares during the last quarter. Institutional investors and hedge funds own 64.99% of the company’s stock.

Xenia Hotels & Resorts Company Profile

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.

Receive News & Ratings for Xenia Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply