Xenia Hotels & Resorts (NYSE:XHR) has been assigned a $24.00 target price by investment analysts at B. Riley in a report issued on Friday, TipRanks reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s price target indicates a potential upside of 4.39% from the company’s current price.
Separately, Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.50.
Xenia Hotels & Resorts stock traded up $0.68 during mid-day trading on Friday, hitting $22.99. The company had a trading volume of 750,280 shares, compared to its average volume of 760,156. The firm has a market capitalization of $2.59 billion, a P/E ratio of 10.36, a P/E/G ratio of 2.27 and a beta of 1.12. Xenia Hotels & Resorts has a 1 year low of $16.47 and a 1 year high of $25.90. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.62.
Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The company had revenue of $293.69 million for the quarter, compared to analyst estimates of $276.03 million. Xenia Hotels & Resorts had a net margin of 14.23% and a return on equity of 8.50%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, research analysts expect that Xenia Hotels & Resorts will post 2.03 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in XHR. Sun Life Financial INC purchased a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $42,000. LS Investment Advisors LLC purchased a new position in Xenia Hotels & Resorts in the 1st quarter valued at $73,000. Bremer Trust National Association purchased a new position in Xenia Hotels & Resorts in the 4th quarter valued at $82,000. Quantamental Technologies LLC purchased a new position in Xenia Hotels & Resorts in the 4th quarter valued at $101,000. Finally, NEXT Financial Group Inc grew its position in Xenia Hotels & Resorts by 4,818.0% in the 4th quarter. NEXT Financial Group Inc now owns 9,541 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 9,347 shares during the last quarter. Institutional investors and hedge funds own 77.99% of the company’s stock.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
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