Xenia Hotels & Resorts Inc (XHR) reported quarterly earnings results on Wednesday, May-11-2016. The company reported $0.43 EPS for the quarter. Analysts had a consensus estimate of $0.43. Analysts expectations of $237.22 million.
Many Wall Street Analysts have commented on Xenia Hotels & Resorts Inc. Xenia Hotels & Resorts Inc was Initiated by Wells Fargo to “Outperform” on May 2, 2016. Xenia Hotels & Resorts Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 17, 2016.
Xenia Hotels & Resorts Inc opened for trading at $15.93 and hit $16.18 on the upside on Tuesday, eventually ending the session at $16.12, with a gain of 1.45% or 0.23 points. The heightened volatility saw the trading volume jump to 3,13,171 shares. Company has a market cap of $1,756 M.
In a different news, on Dec 8, 2015, Andrew J Welch (officer ) purchased 2,200 shares at $15.95 per share price. According to the SEC, on Nov 30, 2015, Thomas M Gartland (director) purchased 7,200 shares at $16.70 per share price. On Nov 24, 2015, Barry A N Bloom (officer ) purchased 6,000 shares at $16.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Xenia Hotels & Resorts Inc. is a self-managed Real Estate Investment Trust (REIT). The Company is focused on the lodging sector. The Company owns a portfolio of lodging properties operated by independent management companies. The Company holds around 46 hotels consisting of 12636 rooms across 19 states and the District of Columbia. It also holds an interest in two hotels under development. The Company owns and invests in service lifestyle and urban upscale hotels in the United States lodging market and leisure destinations. The Companys portfolio includes lodging properties operated by Marriott Hilton Hyatt Starwood Kimpton Aston Fairmont and Loews. The Companys hotels include Andaz Napa Aston Waikiki Beach Hotel Courtyard Pittsburgh Downtown Fairmont Dallas Hilton Phoenix Suites Hotel Monaco Chicago Residence Inn Denver City Center Lorien Hotel & Spa Renaissance Austin Hotel Westin Galleria Houston and Westin Oaks Houston at The Galleria.