Xenia Hotels & Resorts (NYSE:XHR) Stock Moved Up to Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded Xenia Hotels & Resorts from “hold” to “buy.” Other analyst views are mixed, leaving the stock with a “Moderate Buy” consensus and an average price target of $20.12.
• Xenia reported quarterly adjusted EPS of -$0.03, beating the -$0.10 consensus, while revenue of $263.83 million topped estimates and rose 11.6% year over year.
• Institutional investors own 92.43% of the stock; shares opened at $21.38, near the reported 52-week high of $22.06.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of Xenia Hotels & Resorts from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, October 28th. BMO Capital Markets cut Xenia Hotels & Resorts from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $22.00 to $20.50 in a report on Tuesday, September 1st. Finally, Wells Fargo & Company lifted their price target on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.12.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $21.38 on Friday. Xenia Hotels & Resorts has a 1 year low of $12.86 and a 1 year high of $22.06. The company's fifty day moving average is $18.78 and its two-hundred day moving average is $17.72. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.47 and a current ratio of 2.47. The stock has a market capitalization of $1.97 billion, a P/E ratio of 10.93 and a beta of 1.19.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.07. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%. The firm had revenue of $263.83 million during the quarter, compared to the consensus estimate of $256.91 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. Xenia Hotels & Resorts's revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that Xenia Hotels & Resorts will post 1.89 earnings per share for the current year.

Institutional Trading of Xenia Hotels & Resorts

Several large investors have recently bought and sold shares of XHR. BlackRock Inc. acquired a new stake in Xenia Hotels & Resorts in the 2nd quarter worth about $348,760,000. Allspring Global Investments Holdings LLC grew its holdings in Xenia Hotels & Resorts by 26.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,336,404 shares of the real estate investment trust's stock valued at $42,219,000 after buying an additional 487,999 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Xenia Hotels & Resorts by 4.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,677,259 shares of the real estate investment trust's stock valued at $39,704,000 after acquiring an additional 121,052 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Xenia Hotels & Resorts by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,340,418 shares of the real estate investment trust's stock worth $19,878,000 after purchasing an additional 8,858 shares during the period. Finally, Algert Global LLC purchased a new position in Xenia Hotels & Resorts in the second quarter valued at approximately $19,560,000. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia's properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company's portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.

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