Xenia Hotels & Resorts (NYSE:XHR) Downgraded by Zacks Investment Research

Xenia Hotels & Resorts (NYSE:XHR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

XHR has been the topic of a number of other reports. KeyCorp initiated coverage on shares of Xenia Hotels & Resorts in a research report on Tuesday, June 25th. They issued an “overweight” rating and a $24.00 target price on the stock. B. Riley set a $24.00 target price on shares of Xenia Hotels & Resorts and gave the company a “hold” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.80.

Shares of NYSE XHR traded down $0.02 during mid-day trading on Friday, reaching $21.10. The company had a trading volume of 712,254 shares, compared to its average volume of 591,754. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $21.20. The stock has a market cap of $2.38 billion, a PE ratio of 9.50, a P/E/G ratio of 2.09 and a beta of 1.01. Xenia Hotels & Resorts has a 52-week low of $16.47 and a 52-week high of $24.84.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $304.30 million for the quarter, compared to the consensus estimate of $292.57 million. Xenia Hotels & Resorts had a net margin of 14.23% and a return on equity of 8.48%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. Research analysts predict that Xenia Hotels & Resorts will post 2.05 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. grew its position in Xenia Hotels & Resorts by 27.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 28,260 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 6,075 shares during the last quarter. Versant Capital Management Inc purchased a new position in Xenia Hotels & Resorts during the 2nd quarter worth $37,000. Steward Partners Investment Advisory LLC purchased a new position in Xenia Hotels & Resorts during the 2nd quarter worth $45,000. Coastal Investment Advisors Inc. purchased a new position in Xenia Hotels & Resorts during the 2nd quarter worth $72,000. Finally, LS Investment Advisors LLC purchased a new position in Xenia Hotels & Resorts during the 1st quarter worth $73,000. 87.29% of the stock is currently owned by hedge funds and other institutional investors.

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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