Raymond James Initiates Coverage on Xenia Hotels & Resorts Inc to Market Perform

Raymond James Initiates Coverage on Xenia Hotels & Resorts Inc(NYSE:XHR). The shares have been rated Market Perform. The rating by Raymond James was issued on Jul 26, 2016.

In a different note, Wells Fargo said it Initiates Coverage on Xenia Hotels & Resorts Inc, according to a research note issued on May 2, 2016. The shares have been rated ‘Outperform’ by the firm.

Xenia Hotels & Resorts Inc (XHR) made into the market gainers list on Fridays trading session with the shares advancing 1.24% or 0.22 points. Due to strong positive momentum, the stock ended at $17.96, which is also near the day’s high of $17.99. The stock began the session at $17.71 and the volume stood at 4,45,420 shares. The 52-week high of the shares is $21.16 and the 52 week low is $12.1001. The company has a current market capitalization of $1,939 M and it has 10,79,55,856 shares in outstanding.

Xenia Hotels & Resorts Inc(XHR) last announced its earnings results on May 11, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.43.

Several Insider Transactions has been reported to the SEC. On Dec 8, 2015, Andrew J Welch (officer ) purchased 2,200 shares at $15.95 per share price.Also, 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 Company’s portfolio includes lodging properties operated by Marriott Hilton Hyatt Starwood Kimpton Aston Fairmont and Loews. The Company’s 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.

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