The stock of Xenia Hotels & Resorts Inc (NYSE:XHR) is a huge mover today! About 409,825 shares traded hands or 2.04% up from the average. Xenia Hotels & Resorts Inc (NYSE:XHR) has risen 8.34% since April 6, 2016 and is uptrending. It has outperformed by 6.38% the S&P500.
The move comes after 7 months negative chart setup for the $1.73B company. It was reported on Nov, 8 by Barchart.com. We have $14.32 PT which if reached, will make NYSE:XHR worth $138.40 million less.
Analysts await Xenia Hotels & Resorts Inc (NYSE:XHR) to report earnings on November, 10. They expect $0.56 earnings per share, down 1.75% or $0.01 from last year’s $0.57 per share. XHR’s profit will be $62.26 million for 6.95 P/E if the $0.56 EPS becomes a reality. After $0.65 actual earnings per share reported by Xenia Hotels & Resorts Inc for the previous quarter, Wall Street now forecasts -13.85% negative EPS growth.
Xenia Hotels & Resorts Inc (NYSE:XHR) Ratings Coverage
Out of 4 analysts covering Xenia Hotels & Resorts (NYSE:XHR), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Xenia Hotels & Resorts has been the topic of 6 analyst reports since September 1, 2015 according to StockzIntelligence Inc. As per Thursday, March 17, the company rating was downgraded by Morgan Stanley. Zacks upgraded Xenia Hotels & Resorts Inc (NYSE:XHR) rating on Tuesday, September 1. Zacks has “Hold” rating and $21 price target. The rating was initiated by Raymond James with “Market Perform” on Tuesday, July 26. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, October 13. The firm has “Mkt Outperform” rating given on Wednesday, November 18 by JMP Securities. The stock has “Outperform” rating given by Wells Fargo on Monday, May 2.
According to Zacks Investment Research, “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.”
More notable recent Xenia Hotels & Resorts Inc (NYSE:XHR) news were published by: Forbes.com which released: “Xenia Hotels & Resorts Becomes Oversold” on September 27, 2016, also Seekingalpha.com with their article: “Xenia Hotels & Resorts’ (XHR) CEO Marcel Verbaas on Q3 2016 Results – Earnings …” published on November 07, 2016, Prnewswire.com published: “Xenia Hotels & Resorts Reports Second Quarter 2016 Results” on August 05, 2016. More interesting news about Xenia Hotels & Resorts Inc (NYSE:XHR) were released by: Prnewswire.com and their article: “Xenia Hotels & Resorts Announces Timing of Third Quarter 2016 Earnings Release …” published on October 04, 2016 as well as Prnewswire.com‘s news article titled: “Xenia Hotels & Resorts Sells DoubleTree By Hilton Washington D.C. For $65 Million” with publication date: April 20, 2016.
XHR Company Profile
Xenia Hotels & Resorts, Inc., incorporated on August 27, 2014, is a real estate investment trust. The Firm invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Firm conducts its activities through its operating partnership, XHR LP. The Firm owns approximately 50 lodging properties, with a total of over 12,550 rooms. The Company’s properties are located in various regions, such as South Atlantic, including Georgia, Florida, Maryland, South Carolina, Virginia, West Virginia and Washington D.C.; West South Central, including Louisiana and Texas; Pacific, including California, Oregon and Hawaii; Mountain, including Arizona, Colorado and Utah, and other, including Alabama, Illinois, Iowa, Kentucky, Massachusetts, Missouri and Pennsylvania.
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