Xenia Hotels & Resorts, Inc. (NYSE:XHR) was downgraded by Zacks Investment Research from a “buy” 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 research analysts have also recently issued reports about the company. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, June 21st. Instinet reaffirmed a “buy” rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a research report on Tuesday, August 29th. BidaskClub raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley upped their price objective on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, June 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Xenia Hotels & Resorts presently has an average rating of “Buy” and an average price target of $21.75.

Shares of Xenia Hotels & Resorts (XHR) opened at 21.19 on Tuesday. The stock has a market capitalization of $2.26 billion, a PE ratio of 15.55 and a beta of 0.77. Xenia Hotels & Resorts has a 1-year low of $14.84 and a 1-year high of $21.22. The firm has a 50-day moving average price of $20.38 and a 200-day moving average price of $20.38.

Xenia Hotels & Resorts (NYSE:XHR) last released 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 Thomson Reuters’ 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 period in the prior year, the firm posted $0.65 EPS. On average, equities research analysts forecast that Xenia Hotels & Resorts will post $0.90 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/28/xenia-hotels-resorts-inc-xhr-rating-lowered-to-hold-at-zacks-investment-research.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Xenia Hotels & Resorts by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock valued at $345,781,000 after purchasing an additional 478,107 shares during the period. BlackRock Inc. boosted its position in shares of Xenia Hotels & Resorts by 2.3% in the 2nd quarter. BlackRock Inc. now owns 9,754,449 shares of the real estate investment trust’s stock valued at $188,943,000 after purchasing an additional 220,934 shares during the period. State Street Corp boosted its position in shares of Xenia Hotels & Resorts by 5.4% in the 2nd quarter. State Street Corp now owns 3,903,944 shares of the real estate investment trust’s stock valued at $75,621,000 after purchasing an additional 199,990 shares during the period. LSV Asset Management acquired a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at about $45,138,000. Finally, Prudential Financial Inc. boosted its position in shares of Xenia Hotels & Resorts by 80.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock valued at $43,071,000 after purchasing an additional 988,011 shares during the period. 64.98% of the stock is owned by hedge funds and other institutional investors.

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.