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Xenia Hotels & Resorts (XHR) Moves 5.2% Higher: Will This Strength Last?

Xenia Hotels & Resorts (XHR) shares rallied 5.2% in the last trading session to close at $15.10. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 13.6% loss over the past four weeks.

The increased optimism in the stock stems from the rebounding lodging industry fundamentals.

This real estate investment trust that owns hotels is expected to post quarterly funds from operations (FFO) of $0.36 per share in its upcoming report, which represents a year-over-year change of +176.9%. Revenues are expected to be $251.15 million, up 45.4% 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 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 remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in FFO estimate revisions. 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 #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Xenia Hotels & Resorts belongs to the Zacks REIT and Equity Trust - Other industry. Another stock from the same industry, National Storage (NSA), closed the last trading session 1.5% higher at $40.20. Over the past month, NSA has returned -17.6%.

For National Storage , the consensus FFO per share estimate for the upcoming report has changed -0.1% over the past month to $0.74. This represents a change of +29.8% from what the company reported a year ago. National Storage currently has a Zacks Rank of #3 (Hold).


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