Xenia Hotels & Resorts (NYSE:XHR) Stock Rating Upgraded by StockNews.com

Xenia Hotels & Resorts (NYSE:XHR) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently commented on XHR. KeyCorp lifted their target price on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Wells Fargo & Company lifted their price target on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Wolfe Research assumed coverage on shares of Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They set a “peer perform” rating on the stock. B. Riley reiterated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Finally, Jefferies Financial Group upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $15.70.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $14.97 on Friday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 78.79 and a beta of 1.46. Xenia Hotels & Resorts has a 52-week low of $10.90 and a 52-week high of $15.84. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $14.78 and a 200 day moving average price of $13.51.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $253.38 million during the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.57%. Research analysts predict that Xenia Hotels & Resorts will post 1.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Diversified Trust Co grew its stake in Xenia Hotels & Resorts by 2.5% in the 1st quarter. Diversified Trust Co now owns 30,393 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 730 shares during the last quarter. VitalStone Financial LLC grew its holdings in Xenia Hotels & Resorts by 54.4% during the 4th quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 875 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Xenia Hotels & Resorts by 10.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 1,092 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Xenia Hotels & Resorts by 3.3% in the third quarter. Nisa Investment Advisors LLC now owns 48,626 shares of the real estate investment trust’s stock worth $573,000 after acquiring an additional 1,551 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Xenia Hotels & Resorts by 5.1% in the first quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 1,672 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.