Xenia Hotels & Resorts, Inc. (XHR) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research lowered shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) from a buy rating to a hold rating in a report issued on Thursday.
According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT. The company invests primarily in premium full service, lifestyle, urban upscale hotels, lodging markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “
A number of other equities analysts have also commented on XHR. Morgan Stanley lifted their price objective on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an equal weight rating in a research note on Friday, June 16th. TheStreet upgraded Xenia Hotels & Resorts from a c+ rating to a b- rating in a research note on Wednesday, June 21st. BidaskClub lowered Xenia Hotels & Resorts from a buy rating to a hold rating in a research note on Monday, July 24th. Finally, Instinet restated a buy rating and set a $22.00 price target on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $21.25.
Shares of Xenia Hotels & Resorts (NYSE XHR) traded up 1.03% on Thursday, reaching $20.53. The company had a trading volume of 518,660 shares. The firm has a market capitalization of $2.19 billion, a PE ratio of 15.06 and a beta of 0.77. Xenia Hotels & Resorts has a 52-week low of $14.84 and a 52-week high of $21.10. The company has a 50-day moving average price of $20.24 and a 200-day moving average price of $18.76.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.41. The business had revenue of $244.39 million for the quarter, compared to analyst estimates of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Equities research analysts forecast that Xenia Hotels & Resorts will post $0.90 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, September 28th. Xenia Hotels & Resorts’s payout ratio is 81.48%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XHR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Xenia Hotels & Resorts by 10.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 657 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Xenia Hotels & Resorts by 37.7% during the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 2,300 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Xenia Hotels & Resorts during the first quarter valued at approximately $153,000. New York State Teachers Retirement System acquired a new stake in Xenia Hotels & Resorts during the first quarter valued at approximately $154,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in Xenia Hotels & Resorts during the first quarter valued at approximately $171,000. 64.98% of the stock is currently owned by institutional investors.
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 May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
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