Xenia Hotels & Resorts (XHR) Hits New 1-Year High and Low at $23.56

Xenia Hotels & Resorts (NYSE:XHR) shares reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $23.56 and last traded at $23.40, with a volume of 11332 shares trading hands. The stock had previously closed at $23.26.

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a report on Thursday, May 10th. TheStreet upgraded Xenia Hotels & Resorts from a “c+” rating to a “b” rating in a report on Friday, May 4th. ValuEngine cut Xenia Hotels & Resorts from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. B. Riley upgraded Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, February 28th. Finally, Morgan Stanley cut their price target on Xenia Hotels & Resorts from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $22.17.

The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 2.26 and a beta of 0.85.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.37. Xenia Hotels & Resorts had a return on equity of 8.80% and a net margin of 14.77%. The company had revenue of $264.50 million for the quarter, compared to analysts’ expectations of $250.90 million. During the same period last year, the firm earned $0.44 earnings per share. Xenia Hotels & Resorts’s quarterly revenue was up 21.1% on a year-over-year basis. research analysts forecast that Xenia Hotels & Resorts will post 2.06 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of XHR. Bank of Montreal Can raised its stake in Xenia Hotels & Resorts by 28.8% in the fourth quarter. Bank of Montreal Can now owns 214,283 shares of the real estate investment trust’s stock valued at $4,626,000 after buying an additional 47,854 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Xenia Hotels & Resorts by 7.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,494,657 shares of the real estate investment trust’s stock worth $32,270,000 after purchasing an additional 106,648 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Xenia Hotels & Resorts by 15.8% during the fourth quarter. Acadian Asset Management LLC now owns 1,044,408 shares of the real estate investment trust’s stock worth $22,551,000 after purchasing an additional 142,726 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth about $491,000. Finally, Strs Ohio increased its position in shares of Xenia Hotels & Resorts by 2.4% during the fourth quarter. Strs Ohio now owns 170,120 shares of the real estate investment trust’s stock worth $3,672,000 after purchasing an additional 4,044 shares in the last quarter. Institutional investors own 73.00% 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 premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 39 hotels, including 37 wholly owned hotels, comprising 11,497 rooms, across 18 states and the District of Columbia.

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