Xenia Hotels & Resorts (NYSE:XHR) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Xenia Hotels & Resorts has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, with analysts expressing a cautious outlook on the stock.
• The company's recent quarterly earnings exceeded estimates, reporting $0.57 earnings per share and revenue of $287.58 million, indicating growth compared to the previous year.
• Following the downgrades, Xenia Hotels & Resorts holds an average consensus rating of "Hold" and a target price of $12.90, according to MarketBeat.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other research analysts have also recently commented on the company. Jefferies Financial Group downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Morgan Stanley lowered their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Xenia Hotels & Resorts has an average rating of "Hold" and a consensus target price of $12.90.

Xenia Hotels & Resorts Stock Performance

XHR stock opened at $12.47 on Friday. The firm has a market cap of $1.23 billion, a PE ratio of 56.68 and a beta of 1.72. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.14. The business's 50-day moving average price is $12.62 and its two-hundred day moving average price is $12.56. Xenia Hotels & Resorts has a 1-year low of $8.55 and a 1-year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. The company had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. As a group, research analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 14th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Institutional Trading of Xenia Hotels & Resorts

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Xenia Hotels & Resorts by 39.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 320,979 shares of the real estate investment trust's stock worth $3,775,000 after acquiring an additional 90,405 shares in the last quarter. Victory Capital Management Inc. raised its position in Xenia Hotels & Resorts by 223.7% in the first quarter. Victory Capital Management Inc. now owns 337,051 shares of the real estate investment trust's stock valued at $3,964,000 after purchasing an additional 232,918 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in Xenia Hotels & Resorts in the first quarter valued at about $214,000. Asset Management One Co. Ltd. grew its holdings in Xenia Hotels & Resorts by 0.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust's stock worth $1,808,000 after acquiring an additional 1,204 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Xenia Hotels & Resorts by 25.5% during the fourth quarter. Deutsche Bank AG now owns 133,162 shares of the real estate investment trust's stock valued at $1,979,000 after acquiring an additional 27,033 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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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