Xenia Hotels & Resorts, Inc. (NYSE:XHR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage presently has a $23.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.92% from the stock’s current price.

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. “

Several other research firms have also recently weighed in on XHR. BidaskClub upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley boosted their target price on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, June 16th. TheStreet upgraded Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. Finally, Instinet restated a “buy” rating and set a $22.00 target price on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Xenia Hotels & Resorts has an average rating of “Buy” and a consensus price target of $21.50.

Xenia Hotels & Resorts (NYSE:XHR) opened at 20.55 on Friday. The firm has a market cap of $2.19 billion, a P/E ratio of 15.08 and a beta of 0.77. The stock’s 50 day moving average is $20.30 and its 200 day moving average is $19.01. Xenia Hotels & Resorts has a 12-month low of $14.84 and a 12-month high of $21.10.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.41. The business 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%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. On average, equities research analysts expect that Xenia Hotels & Resorts will post $0.90 EPS for the current year.

WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/16/zacks-investment-research-upgrades-xenia-hotels-resorts-inc-xhr-to-buy.html.

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Xenia Hotels & Resorts by 10.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 657 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Xenia Hotels & Resorts by 37.7% during the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 2,300 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Xenia Hotels & Resorts during the first quarter worth approximately $153,000. New York State Teachers Retirement System purchased a new stake in Xenia Hotels & Resorts during the first quarter worth approximately $154,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in Xenia Hotels & Resorts during the first quarter worth approximately $171,000. Hedge funds and other institutional investors own 64.98% 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.