Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) PT at $19.00

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $19.00.

Several equities research analysts have issued reports on XHR shares. BMO Capital Markets restated a “buy” rating on shares of Xenia Hotels & Resorts in a research report on Friday, August 13th. Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a research report on Friday, October 1st. TheStreet cut shares of Xenia Hotels & Resorts from a “c-” rating to a “d+” rating in a report on Friday, July 16th. Raymond James lowered their target price on shares of Xenia Hotels & Resorts from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. Finally, Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, July 20th.

Shares of NYSE:XHR opened at $17.43 on Monday. The company has a 50-day simple moving average of $17.39 and a 200 day simple moving average of $18.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 6.65 and a current ratio of 6.65. The company has a market capitalization of $1.99 billion, a P/E ratio of -15.85 and a beta of 1.64. Xenia Hotels & Resorts has a 52-week low of $8.07 and a 52-week high of $21.40.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Tuesday, August 3rd. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.03). The company had revenue of $152.00 million for the quarter, compared to analyst estimates of $142.53 million. Xenia Hotels & Resorts had a negative return on equity of 8.30% and a negative net margin of 33.33%. The company’s revenue was up 927.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.46) earnings per share. As a group, equities analysts forecast that Xenia Hotels & Resorts will post -0.03 earnings per share for the current year.

A number of large investors have recently made changes to their positions in XHR. Amundi Pioneer Asset Management Inc. increased its stake in Xenia Hotels & Resorts by 7.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 287,625 shares of the real estate investment trust’s stock valued at $6,302,000 after acquiring an additional 19,418 shares during the last quarter. The PNC Financial Services Group Inc. increased its stake in Xenia Hotels & Resorts by 23.1% in the first quarter. The PNC Financial Services Group Inc. now owns 7,257 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 1,361 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Xenia Hotels & Resorts in the first quarter valued at approximately $182,000. Teacher Retirement System of Texas increased its stake in Xenia Hotels & Resorts by 22.2% in the first quarter. Teacher Retirement System of Texas now owns 12,708 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 2,309 shares during the last quarter. Finally, UBS Group AG increased its stake in Xenia Hotels & Resorts by 0.9% in the first quarter. UBS Group AG now owns 156,610 shares of the real estate investment trust’s stock valued at $3,054,000 after acquiring an additional 1,449 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.

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Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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