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AMD   114.24 (+2.80%)
CGC   7.61 (+3.40%)
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GE   90.97 (-0.15%)
T   25.18 (-4.91%)
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DIS   137.48 (+0.71%)
AMC   17.55 (+9.55%)
PFE   53.02 (+0.91%)
ACB   4.25 (+0.95%)
BA   197.42 (-3.27%)
QQQ   353.12 (+2.32%)
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T   25.18 (-4.91%)
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DIS   137.48 (+0.71%)
AMC   17.55 (+9.55%)
PFE   53.02 (+0.91%)
ACB   4.25 (+0.95%)
BA   197.42 (-3.27%)
QQQ   353.12 (+2.32%)
AAPL   162.86 (+1.93%)
MSFT   302.79 (+4.96%)
FB   303.25 (+1.03%)
GOOGL   2,636.05 (+3.83%)
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TSLA   954.10 (+3.89%)
NVDA   235.12 (+5.32%)
BABA   116.30 (-2.38%)
NIO   23.77 (-0.08%)
AMD   114.24 (+2.80%)
CGC   7.61 (+3.40%)
MU   84.06 (+4.14%)
GE   90.97 (-0.15%)
T   25.18 (-4.91%)
F   20.32 (+1.70%)
DIS   137.48 (+0.71%)
AMC   17.55 (+9.55%)
PFE   53.02 (+0.91%)
ACB   4.25 (+0.95%)
BA   197.42 (-3.27%)

Xenia Hotels & Resorts (NYSE:XHR) Cut to Hold at Zacks Investment Research

Saturday, January 8, 2022 | MarketBeat

Xenia Hotels & Resorts (NYSE:XHR) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday, Zacks.com reports.

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. "

Several other analysts have also commented on the stock. Raymond James raised their price target on shares of Xenia Hotels & Resorts from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, November 4th. Jefferies Financial Group restated a "buy" rating and set a $22.00 price target on shares of Xenia Hotels & Resorts in a research report on Friday, October 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.67.

XHR opened at $18.36 on Friday. Xenia Hotels & Resorts has a 12-month low of $14.15 and a 12-month high of $21.40. The company has a current ratio of 6.42, a quick ratio of 6.42 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $2.10 billion, a PE ratio of -21.86 and a beta of 1.58. The firm has a 50 day moving average of $17.64 and a two-hundred day moving average of $17.78.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, November 2nd. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.20). Xenia Hotels & Resorts had a negative net margin of 19.72% and a negative return on equity of 6.41%. The company had revenue of $172.78 million during the quarter, compared to analyst estimates of $169.98 million. During the same period last year, the firm posted ($0.27) EPS. As a group, analysts predict that Xenia Hotels & Resorts will post 0.12 EPS for the current fiscal year.

In other news, insider Barry A. N. Bloom sold 50,000 shares of Xenia Hotels & Resorts stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $19.22, for a total value of $961,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph T. Johnson sold 3,070 shares of the firm's stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $20.00, for a total transaction of $61,400.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of XHR. Amundi Pioneer Asset Management Inc. lifted its stake in shares of 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 worth $6,302,000 after buying an additional 19,418 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Xenia Hotels & Resorts by 446.8% in the second quarter. Russell Investments Group Ltd. now owns 51,198 shares of the real estate investment trust's stock worth $958,000 after buying an additional 41,834 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Xenia Hotels & Resorts by 13.2% in the second quarter. Envestnet Asset Management Inc. now owns 49,865 shares of the real estate investment trust's stock worth $934,000 after buying an additional 5,798 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Xenia Hotels & Resorts by 17.5% during the second quarter. Teacher Retirement System of Texas now owns 14,935 shares of the real estate investment trust's stock worth $280,000 after purchasing an additional 2,227 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Xenia Hotels & Resorts by 8.3% during the second quarter. PNC Financial Services Group Inc. now owns 7,857 shares of the real estate investment trust's stock worth $147,000 after purchasing an additional 600 shares during the period. 85.21% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Company Profile

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.

See Also: Special Purpose Acquisition Company (SPAC) - What You Need to Know

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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