Oppenheimer Launches Coverage on Xenia Hotels & Resorts (NYSE:XHR)
Oppenheimer equity researchers began covering the shares of Xenia Hotels & Resorts (NYSE:XHR – Get a Rating) in a note released Thursday to investors, reports The Fly. The company has set a “market performance” rating on the shares of the real estate investment trust.
A number of other research analysts have also recently published reports on the company. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a price target of $22.00 on the stock in a Thursday, April 7 report. TheStreet upgraded Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a Thursday, March 3 report. Finally, StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report released Thursday. Three research analysts gave the stock a hold rating, three gave the stock a buy rating and one gave the company’s stock a strong buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $21.60.
XHR stock traded down $0.14 at midday Thursday, hitting $19.53. The stock recorded trading volume of 20,043 shares, compared to an average volume of 546,263. Xenia Hotels & Resorts has a 52-week low of $15.15 and a 52-week high of $21.04. The company has a market capitalization of $2.23 billion, a price-earnings ratio of -15.50 and a beta of 1.52. The company has a 50-day moving average of $18.76 and a two-hundred-day moving average of $18.09. The company has a debt ratio of 1.04, a current ratio of 6.93 and a quick ratio of 6.93.
Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last announced its quarterly results on Tuesday, March 1. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.15 per ($0.35). The company posted revenue of $203.60 million for the quarter, versus a consensus estimate of $182.89 million. Xenia Hotels & Resorts recorded a negative net margin of 23.29% and a negative return on equity of 9.76%. The company’s revenue for the quarter increased by 169.0% compared to the same quarter last year. During the same period of the previous year, the company made ($0.24) earnings per share. Research analysts predict that Xenia Hotels & Resorts will post 1.14 earnings per share for the current year.
Separately, insider Barry AN Bloom sold 25,000 shares in a trade dated Wednesday, April 13. The stock was sold at an average price of $19.10, for a total transaction of $477,500.00. Following the completion of the sale, the insider now owns 267,741 shares of the company, valued at $5,113,853.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Insiders of the company own 2.40% of the shares of the company.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in XHR. Allegheny Financial Group LTD bought a new position in Xenia Hotels & Resorts during Q4, valued at approximately $58,000. CWM LLC bought a new stock position in Xenia Hotels & Resorts in Q4 for a value of approximately $85,000. Van ECK Associates Corp increased its stake in Xenia Hotels & Resorts by 15.6% in the third quarter. Van ECK Associates Corp now owns 5,313 shares of the real estate investment trust worth $94,000 after acquiring an additional 717 shares during the period. Schroder Investment Management Group increased its holdings in Xenia Hotels & Resorts by 31.6% in the 4th quarter. Schroder Investment Management Group now owns 7,450 shares of the real estate investment trust valued at $135,000 after acquiring 1,788 additional shares during the period. Finally, Vident Investment Advisory LLC bought a new position in Xenia Hotels & Resorts during Q3 worth $187,000. Institutional investors and hedge funds hold 84.31% of the company’s shares.
Xenia Hotels & Resorts Company Profile (Get a rating)
Xenia Hotels & Resorts, Inc is a self-administered, self-administered REIT that invests in uniquely positioned luxury and upscale hotels and resorts, focusing on the top 25 lodging markets in the United States as well as major leisure destinations in the United States. The Company owns 37 hotels with 10,749 rooms in 16 states.
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