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Xenia Hotels & Resorts (XHR) Soars 14.3%: Is Further Upside Left in the Stock?
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Xenia Hotels & Resorts (XHR - Free Report) shares ended the last trading session 14.3% higher at $10.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 28.4% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This real estate investment trust that owns hotels is expected to post quarterly funds from operations (FFO) of $0.42 per share in its upcoming report, which represents a year-over-year change of -4.6%. Revenues are expected to be $270.96 million, up 1.3% from the year-ago quarter.
FFO and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in FFO per share estimate revisions are strongly correlated with near-term stock price movements.
For Xenia Hotels & Resorts, the consensus FFO per share estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level. And a negative trend in FFO per share estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on XHR going forward to see if this recent jump can turn into more strength down the road.
Xenia Hotels & Resorts is part of the Zacks REIT and Equity Trust - Other industry. Ryman Hospitality Properties (RHP - Free Report) , another stock in the same industry, closed the last trading session 10.7% higher at $87.25. RHP has returned -19.2% in the past month.
For Ryman Hospitality Properties, the consensus FFO per share estimate for the upcoming report has changed -1.5% over the past month to $1.79. This represents a change of +11.9% from what the company reported a year ago. Ryman Hospitality Properties currently has a Zacks Rank of #4 (Sell).
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Xenia Hotels & Resorts (XHR) Soars 14.3%: Is Further Upside Left in the Stock?
Xenia Hotels & Resorts (XHR - Free Report) shares ended the last trading session 14.3% higher at $10.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 28.4% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This real estate investment trust that owns hotels is expected to post quarterly funds from operations (FFO) of $0.42 per share in its upcoming report, which represents a year-over-year change of -4.6%. Revenues are expected to be $270.96 million, up 1.3% from the year-ago quarter.
FFO and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in FFO per share estimate revisions are strongly correlated with near-term stock price movements.
For Xenia Hotels & Resorts, the consensus FFO per share estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level. And a negative trend in FFO per share estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on XHR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Xenia Hotels & Resorts is part of the Zacks REIT and Equity Trust - Other industry. Ryman Hospitality Properties (RHP - Free Report) , another stock in the same industry, closed the last trading session 10.7% higher at $87.25. RHP has returned -19.2% in the past month.
For Ryman Hospitality Properties, the consensus FFO per share estimate for the upcoming report has changed -1.5% over the past month to $1.79. This represents a change of +11.9% from what the company reported a year ago. Ryman Hospitality Properties currently has a Zacks Rank of #4 (Sell).