Xenia Hotels & Resorts Inc. (NYSE:XHR)‘s stock had its “equal weight” rating reaffirmed by Morgan Stanley in a report released on Tuesday. They currently have a $13.00 price target on the real estate investment trust’s stock, down from their prior price target of $14.00. Morgan Stanley’s price target suggests a potential downside of 24.55% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on XHR. Raymond James Financial Inc. initiated coverage on shares of Xenia Hotels & Resorts in a research report on Tuesday, July 26th. They issued a “market perform” rating for the company. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.33.

Shares of Xenia Hotels & Resorts (NYSE:XHR) opened at 17.23 on Tuesday. The company has a 50-day moving average of $15.67 and a 200 day moving average of $16.37. Xenia Hotels & Resorts has a one year low of $12.10 and a one year high of $18.00. The stock has a market cap of $1.84 billion, a PE ratio of 19.12 and a beta of 0.66.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Monday, November 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The company earned $233.95 million during the quarter, compared to analysts’ expectations of $232.24 million. Xenia Hotels & Resorts had a net margin of 10.07% and a return on equity of 7.86%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. On average, analysts predict that Xenia Hotels & Resorts will post $2.18 earnings per share for the current year.

Several large investors have recently bought and sold shares of XHR. Vanguard Group Inc. raised its stake in Xenia Hotels & Resorts by 1.6% in the second quarter. Vanguard Group Inc. now owns 16,928,165 shares of the real estate investment trust’s stock valued at $284,055,000 after buying an additional 262,794 shares in the last quarter. BlackRock Fund Advisors raised its position in Xenia Hotels & Resorts by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,338,200 shares of the real estate investment trust’s stock valued at $50,674,000 after buying an additional 262,880 shares during the period. APG Asset Management US Inc. raised its position in Xenia Hotels & Resorts by 13.2% in the third quarter. APG Asset Management US Inc. now owns 2,659,575 shares of the real estate investment trust’s stock valued at $40,372,000 after buying an additional 309,575 shares during the period. Northern Trust Corp raised its position in Xenia Hotels & Resorts by 3.6% in the third quarter. Northern Trust Corp now owns 1,625,432 shares of the real estate investment trust’s stock valued at $24,674,000 after buying an additional 56,546 shares during the period. Finally, Geode Capital Management LLC raised its position in Xenia Hotels & Resorts by 8.4% in the first quarter. Geode Capital Management LLC now owns 1,044,829 shares of the real estate investment trust’s stock valued at $16,320,000 after buying an additional 81,080 shares during the period. Institutional investors and hedge funds own 57.58% of the company’s stock.

About Xenia Hotels & Resorts

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.

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