Xenia Hotels & Resorts Inc. (NYSE:XHR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Other equities analysts have also issued reports about the stock. Raymond James Financial Inc. began coverage on shares of Xenia Hotels & Resorts in a report on Tuesday, July 26th. They set a “market perform” rating for the company. TheStreet upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, June 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.67.

Xenia Hotels & Resorts (NYSE:XHR) opened at 15.42 on Tuesday. The company’s 50-day moving average price is $15.90 and its 200-day moving average price is $16.26. Xenia Hotels & Resorts has a 1-year low of $12.10 and a 1-year high of $19.04. The firm has a market capitalization of $1.66 billion, a P/E ratio of 17.74 and a beta of 0.71.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. The business had revenue of $261.38 million for the quarter, compared to analysts’ expectations of $257.99 million. Xenia Hotels & Resorts had a return on equity of 7.57% and a net margin of 9.71%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. Equities research analysts expect that Xenia Hotels & Resorts will post $2.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 7.13%. Xenia Hotels & Resorts’s payout ratio is currently 126.44%.

A number of institutional investors have recently made changes to their positions in the company. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Xenia Hotels & Resorts by 0.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 20,956 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 91 shares during the last quarter. Sei Investments Co. raised its position in shares of Xenia Hotels & Resorts by 1.0% in the second quarter. Sei Investments Co. now owns 34,076 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 351 shares during the last quarter. Arete Wealth Advisors LLC raised its position in shares of Xenia Hotels & Resorts by 1.0% in the first quarter. Arete Wealth Advisors LLC now owns 46,654 shares of the real estate investment trust’s stock worth $729,000 after buying an additional 441 shares during the last quarter. Shinko Asset Management Co. Ltd. raised its position in shares of Xenia Hotels & Resorts by 24.0% in the second quarter. Shinko Asset Management Co. Ltd. now owns 6,200 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,200 shares during the last quarter. Finally, MSI Financial Services Inc raised its position in shares of Xenia Hotels & Resorts by 7.3% in the second quarter. MSI Financial Services Inc now owns 32,643 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 2,215 shares during the last quarter. Institutional investors own 57.50% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.

5 Day Chart for NYSE:XHR

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