The opinion of the company JPMorgan Chase & Co. recently reduced its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The banking giant owned 1,907,254 shares of XHR’s stock after selling 742,602 shares during the quarter. Owners of JP Morgan Chase & Co. about 1.68% of Xenia Hotels & Resorts were worth $25,138,000 as of its most recent filing with the SEC.
Xenia Hotels & Resorts upset investors following its latest earnings announcement on Tuesday, May 2nd when it reported earnings per share (EPS) of $0.10 for the quarter, down by ($0.28) vs. the consensus estimate of $0.38 EPS. Despite the decrease in EPS in front of the promotion in all business areas – Xenia Hotels & Resorts achieved an income of 6.39% and returned to a higher level of 4.98%. Industry analysts and analysts expect Xenia Hotels & Resorts to post earnings for the current fiscal year of at least $1.37 per share.
Xenia Hotels & Resorts is often described as one of the real estate companies that gives its competitors a day and night despite the many challenges that weigh them down in the multi-cultural sector related to the investments that are made in luxury and luxury hotels and entertainment sectors. developing solutions for Marriott, Kimpton, Hyatt and others in key locations frequented by discerning travelers around the world.
The property has many and varied properties available in North America and has attracted significant attention in areas including but not limited to Orlando’s GLBTCC precincts and New York City’s abandoned market and has a reputation for high performance; it often attracts the world’s top clients through its doors. Founded in 2007, Xenia Hotels & Resorts’ leading headquarters is located in Orlando, Florida and serves travelers from all over the world.
Opinions of the company Xenia Hotels & Resorts, Inc.
The price of XHR
Shopping in bulk
The average $18.50
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|Analyst / firm||Standard|
|Morgan Stanley||Buy it|
|Wells Fargo||Buy it|
Xenia Hotels & Resorts, Inc.: Small Cap REIT Excels in Luxury and Diversity
Xenia Hotels & Resorts, Inc.: A Real Estate Investment Trust Successful in Luxury and Upper Upscale Properties
Xenia Hotels & Resorts, Inc., a real estate investment trust (REIT), has been receiving interest from hedge funds and other businesses recently. Vanguard Group Inc., for example, grew its stake in the third quarter by acquiring an additional 426,724 shares. The company now owns 19,789,858 Xenia Hotels & Resorts shares valued at $272,901,000. State Street Corp and Centersquare Investment Management LLC also raised their holdings in the REIT by 0.3% and 3.7%, respectively. Other companies such as Charles Schwab Investment Management Inc. and Nuveen Asset Management LLC have also increased their ownership.
NYSE:XHR opened at $12.69 on Monday with volume of $1.39 billion and 1.48.XHR’s one year beta is $18.46 while its one year low is $11.48. – famous brands including Marriott, Aston, Hyatt, and Loews among others.
Xenia Hotels & Resorts recently announced that it will distribute one-third of the third quarter of its annual dividend on July 14 at $0.10 per share to shareholders as of June 30. %. The REIT’s current dividend yield is at 66.67%.
A number of research firms have given mixed coverage on XHR. Oppenheimer gave XHR shares a “market perform” rating with a target price of $16, which B. Riley lowered from $20 to $19. Wells Fargo & Company issued a report reducing shares of XHR. to “equal weight” while dropping the price tag from $18.00 to $13.00. StockNews.com recently began publishing on the company with a “sell” rating and Morgan Stanley reduced the price of XHR to $ 12. This difference has led Bloomberg.com to write that the company currently has a “Hold” and an average price of $ 16.
Headquartered in Orlando, Florida, Xenia Hotels & Resorts, Inc has been selling luxury and luxury hotels since its inception in 2007. Its diverse culture adds to the appeal of its offering. On the other hand, it has maintained cooperation with many hospitality companies.
and the ability to promote success stories in various market segments.
Xenia Hotels & Resorts’ strong value proposition coupled with the growing interest and support of major corporations could make this small REIT attractive to those looking for investment opportunities in the sector.