Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned an average rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $21.25.

Several research analysts have issued reports on XHR shares. Morgan Stanley boosted their target price on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, June 16th. TheStreet upgraded Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, BidaskClub lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Xenia Hotels & Resorts (XHR) traded up 0.97% during midday trading on Friday, reaching $19.73. The company had a trading volume of 398,371 shares. The stock’s 50 day moving average is $19.88 and its 200 day moving average is $18.41. Xenia Hotels & Resorts has a 12-month low of $14.84 and a 12-month high of $20.64. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 14.48 and a beta of 0.77.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The company had revenue of $244.39 million for the quarter, compared to analysts’ expectations of $231.65 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts expect that Xenia Hotels & Resorts will post $0.50 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Xenia Hotels & Resorts, Inc. (XHR) Receives $21.25 Consensus Target Price from Analysts” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/08/21/xenia-hotels-resorts-inc-xhr-receives-21-25-consensus-target-price-from-analysts.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in shares of Xenia Hotels & Resorts by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 786,432 shares of the real estate investment trust’s stock valued at $15,273,000 after buying an additional 29,114 shares during the period. Macquarie Group Ltd. raised its position in shares of Xenia Hotels & Resorts by 10.2% in the fourth quarter. Macquarie Group Ltd. now owns 46,600 shares of the real estate investment trust’s stock valued at $905,000 after buying an additional 4,300 shares during the period. Bank of Montreal Can raised its position in shares of Xenia Hotels & Resorts by 1,423.5% in the first quarter. Bank of Montreal Can now owns 65,860 shares of the real estate investment trust’s stock valued at $1,124,000 after buying an additional 61,537 shares during the period. Boston Advisors LLC raised its position in shares of Xenia Hotels & Resorts by 1.1% in the first quarter. Boston Advisors LLC now owns 366,300 shares of the real estate investment trust’s stock valued at $6,253,000 after buying an additional 3,990 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Xenia Hotels & Resorts by 32.3% in the first quarter. State of Alaska Department of Revenue now owns 57,950 shares of the real estate investment trust’s stock valued at $988,000 after buying an additional 14,140 shares during the period. Institutional investors and hedge funds own 66.27% of the company’s stock.

About Xenia Hotels & Resorts

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.

Receive News & Stock Ratings for Xenia Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts Inc. and related stocks with our FREE daily email newsletter.