Xenia Hotels & Resorts Inc (NYSE:XHR) Receives $15.50 Average Target Price from Analysts

Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) have earned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.50.

A number of research firms recently issued reports on XHR. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Xenia Hotels & Resorts in a research note on Thursday, March 5th. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Morgan Stanley cut their price objective on shares of Xenia Hotels & Resorts from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. B. Riley cut their price objective on shares of Xenia Hotels & Resorts from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, KeyCorp cut their price objective on shares of Xenia Hotels & Resorts from $24.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th.

Several hedge funds have recently added to or reduced their stakes in XHR. NumerixS Investment Technologies Inc increased its holdings in Xenia Hotels & Resorts by 60.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 600 shares during the period. Comerica Bank grew its stake in Xenia Hotels & Resorts by 0.6% in the 4th quarter. Comerica Bank now owns 106,628 shares of the real estate investment trust’s stock valued at $2,065,000 after acquiring an additional 663 shares during the period. Mason Street Advisors LLC grew its stake in Xenia Hotels & Resorts by 2.6% in the 4th quarter. Mason Street Advisors LLC now owns 39,234 shares of the real estate investment trust’s stock valued at $848,000 after acquiring an additional 986 shares during the period. Pictet Asset Management Ltd. grew its stake in Xenia Hotels & Resorts by 4.3% in the 4th quarter. Pictet Asset Management Ltd. now owns 24,100 shares of the real estate investment trust’s stock valued at $521,000 after acquiring an additional 1,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Xenia Hotels & Resorts by 1.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 101,292 shares of the real estate investment trust’s stock valued at $2,189,000 after acquiring an additional 1,038 shares during the period. 82.83% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts stock traded up $0.68 during mid-day trading on Tuesday, reaching $9.50. 733,700 shares of the company’s stock traded hands, compared to its average volume of 1,094,481. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 475.00 and a beta of 1.11. The stock has a 50 day moving average of $9.49 and a two-hundred day moving average of $13.98. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.97. Xenia Hotels & Resorts has a 12-month low of $6.14 and a 12-month high of $22.39.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.67). The business had revenue of $215.40 million for the quarter, compared to analysts’ expectations of $217.15 million. Xenia Hotels & Resorts had a net margin of 0.24% and a return on equity of 0.37%. Xenia Hotels & Resorts’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. As a group, sell-side analysts forecast that Xenia Hotels & Resorts will post -0.13 earnings per share for the current year.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

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Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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