Xenia Hotels & Resorts Inc. (XHR) Sees Unusually-High Trading Volume
Shares of Xenia Hotels & Resorts Inc. (NYSE:XHR) saw unusually-strong trading volume on Wednesday . Approximately 1,945,703 shares changed hands during trading, an increase of 129% from the previous session’s volume of 848,910 shares.The stock last traded at $16.84 and had previously closed at $16.99.
A number of equities research analysts have commented on XHR shares. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 11th. Raymond James Financial Inc. started coverage on shares of Xenia Hotels & Resorts in a research note on Tuesday, July 26th. They set a “market perform” rating on the stock. TheStreet upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Finally, Morgan Stanley restated a “hold” rating on shares of Xenia Hotels & Resorts in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.67.
The stock’s 50 day moving average is $17.55 and its 200-day moving average is $16.22. The company has a market cap of $1.81 billion and a PE ratio of 19.38.
Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Friday, August 5th. The real estate investment trust reported $0.65 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.65. The firm had revenue of $261.38 million for the quarter, compared to analysts’ expectations of $257.99 million. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, equities analysts expect that Xenia Hotels & Resorts Inc. will post $2.21 EPS for the current year.
A hedge fund recently raised its stake in Xenia Hotels & Resorts stock. American International Group Inc. boosted its position in Xenia Hotels & Resorts Inc. (NYSE:XHR) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 279,918 shares of the real estate investment trust’s stock after buying an additional 3,689 shares during the period. American International Group Inc. owned about 0.25% of Xenia Hotels & Resorts worth $4,291,000 at the end of the most recent reporting period.
Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.
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