BidaskClub downgraded shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) from a buy rating to a hold rating in a report released on Monday, July 24th.

XHR has been the subject of a number of other reports. Morgan Stanley boosted their price target on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an equal weight rating in a report on Friday, June 16th. TheStreet raised Xenia Hotels & Resorts from a c+ rating to a b- rating in a report on Wednesday, June 21st. Finally, Zacks Investment Research cut Xenia Hotels & Resorts from a strong-buy rating to a hold rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $21.25.

Xenia Hotels & Resorts (NYSE XHR) traded down 1.06% on Monday, reaching $19.54. The company had a trading volume of 607,445 shares. Xenia Hotels & Resorts has a 52-week low of $14.84 and a 52-week high of $20.64. The company has a market capitalization of $2.09 billion, a PE ratio of 14.34 and a beta of 0.77. The company’s 50-day moving average is $19.88 and its 200-day moving average is $18.41.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.41. The firm had revenue of $244.39 million during the quarter, compared to analysts’ expectations of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. Xenia Hotels & Resorts’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Equities analysts anticipate that Xenia Hotels & Resorts will post $0.50 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Xenia Hotels & Resorts by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock worth $345,781,000 after buying an additional 478,107 shares during the period. BlackRock Inc. increased its stake in Xenia Hotels & Resorts by 2.3% in the second quarter. BlackRock Inc. now owns 9,754,449 shares of the real estate investment trust’s stock worth $188,943,000 after buying an additional 220,934 shares during the period. State Street Corp increased its stake in Xenia Hotels & Resorts by 5.4% in the second quarter. State Street Corp now owns 3,903,944 shares of the real estate investment trust’s stock worth $75,621,000 after buying an additional 199,990 shares during the period. LSV Asset Management purchased a new stake in Xenia Hotels & Resorts during the second quarter worth about $45,138,000. Finally, Prudential Financial Inc. increased its stake in Xenia Hotels & Resorts by 80.0% in the second quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock worth $43,071,000 after buying an additional 988,011 shares during the period. 66.27% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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