Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) have been given a consensus recommendation of “Buy” by the nine analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $25.29.

A number of brokerages have recently issued reports on XHR. Robert W. Baird began coverage on Xenia Hotels & Resorts in a report on Thursday, May 31st. They set an “outperform” rating and a $27.00 price objective for the company. Zacks Investment Research cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Thursday, May 10th. B. Riley cut Xenia Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $26.00 to $24.00 in a report on Friday, June 8th. Jefferies Financial Group began coverage on Xenia Hotels & Resorts in a report on Thursday, May 31st. They set a “buy” rating and a $29.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Xenia Hotels & Resorts from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd.

Shares of NYSE:XHR traded down $0.05 during trading on Tuesday, reaching $24.36. 5,250 shares of the stock were exchanged, compared to its average volume of 387,476. Xenia Hotels & Resorts has a 12 month low of $19.08 and a 12 month high of $25.90. The stock has a market cap of $2.72 billion, a PE ratio of 11.85, a P/E/G ratio of 1.93 and a beta of 0.92. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.62.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.37). Xenia Hotels & Resorts had a return on equity of 6.23% and a net margin of 10.33%. The firm had revenue of $277.10 million for the quarter, compared to the consensus estimate of $272.14 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue was up 13.4% on a year-over-year basis. equities research analysts expect that Xenia Hotels & Resorts will post 2.1 earnings per share for the current year.

Several hedge funds have recently modified their holdings of XHR. Brown Advisory Inc. boosted its stake in shares of Xenia Hotels & Resorts by 78.3% in the first quarter. Brown Advisory Inc. now owns 2,160,586 shares of the real estate investment trust’s stock valued at $42,607,000 after buying an additional 948,710 shares during the period. Millennium Management LLC boosted its stake in shares of Xenia Hotels & Resorts by 345.5% in the second quarter. Millennium Management LLC now owns 944,880 shares of the real estate investment trust’s stock valued at $23,017,000 after buying an additional 732,802 shares during the period. LSV Asset Management boosted its stake in shares of Xenia Hotels & Resorts by 18.0% in the first quarter. LSV Asset Management now owns 4,446,848 shares of the real estate investment trust’s stock valued at $87,691,000 after buying an additional 679,100 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Xenia Hotels & Resorts by 51.3% in the second quarter. Renaissance Technologies LLC now owns 1,786,300 shares of the real estate investment trust’s stock valued at $43,514,000 after buying an additional 605,600 shares during the period. Finally, Matarin Capital Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at approximately $11,000,000. Institutional investors and hedge funds own 76.38% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.

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Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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