Xenia Hotels & Resorts (NYSE:XHR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

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. “

XHR has been the topic of several other research reports. B. Riley set a $24.00 target price on Xenia Hotels & Resorts and gave the company a “hold” rating in a research note on Friday, May 3rd. KeyCorp initiated coverage on Xenia Hotels & Resorts in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.80.

Shares of XHR traded up $0.35 on Thursday, hitting $20.41. The company’s stock had a trading volume of 20,534 shares, compared to its average volume of 665,227. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.64. The firm’s fifty day moving average price is $21.06 and its 200-day moving average price is $20.88. Xenia Hotels & Resorts has a fifty-two week low of $16.47 and a fifty-two week high of $24.63. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 1.92 and a beta of 1.01.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xenia Hotels & Resorts had a return on equity of 7.82% and a net margin of 12.44%. The business had revenue of $304.30 million during the quarter, compared to analyst estimates of $292.57 million. During the same period in the previous year, the firm earned $0.66 EPS. Xenia Hotels & Resorts’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that Xenia Hotels & Resorts will post 2.15 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XHR. Pinnacle Wealth Planning Services Inc. raised its position in shares of Xenia Hotels & Resorts by 27.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 28,260 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 6,075 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Xenia Hotels & Resorts during the second quarter worth approximately $37,000. Point72 Hong Kong Ltd acquired a new stake in Xenia Hotels & Resorts during the second quarter worth approximately $40,000. Steward Partners Investment Advisory LLC acquired a new stake in Xenia Hotels & Resorts during the second quarter worth approximately $45,000. Finally, Point72 Asset Management L.P. acquired a new stake in Xenia Hotels & Resorts during the second quarter worth approximately $54,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

See Also: What is a CD ladder?

Get a free copy of the Zacks research report on Xenia Hotels & Resorts (XHR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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