Xenia Hotels & Resorts (NYSE:XHR) Price Target Raised to $16.00 at BMO Capital Markets

Key Points

• BMO Capital Markets raised the price target for Xenia Hotels & Resorts from $15.00 to $16.00, suggesting a potential upside of 14.57% from its current price, maintaining an "outperform" rating.
• Recent earnings revealed that Xenia Hotels & Resorts reported an EPS of $0.57, exceeding analysts’ expectations, with a total revenue of $287.58 million for the quarter.
• The company has initiated a $100 million share repurchase program, indicating management's belief that the stock is undervalued.

Xenia Hotels & Resorts (NYSE:XHR - Free Report) had its price objective lifted by BMO Capital Markets from $15.00 to $16.00 in a report issued on Tuesday morning, MarketBeat.com reports. The firm currently has an outperform rating on the real estate investment trust's stock.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Wells Fargo & Company increased their price target on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Hold" and an average target price of $13.20.

Xenia Hotels & Resorts Price Performance

Shares of NYSE:XHR traded down $0.26 during trading on Tuesday, hitting $14.38. 734,613 shares of the company's stock were exchanged, compared to its average volume of 901,864. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96. Xenia Hotels & Resorts has a 52-week low of $8.55 and a 52-week high of $16.50. The business's 50-day simple moving average is $13.26 and its 200 day simple moving average is $12.33. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 22.83 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The firm had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. During the same quarter last year, the business posted $0.52 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, equities analysts predict that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Xenia Hotels & Resorts announced that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of XHR. JPMorgan Chase & Co. raised its position in Xenia Hotels & Resorts by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,196,763 shares of the real estate investment trust's stock valued at $27,613,000 after purchasing an additional 276,523 shares in the last quarter. Millennium Management LLC raised its position in Xenia Hotels & Resorts by 17.8% during the 1st quarter. Millennium Management LLC now owns 2,126,198 shares of the real estate investment trust's stock valued at $25,004,000 after purchasing an additional 321,343 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Xenia Hotels & Resorts by 76.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,070,540 shares of the real estate investment trust's stock valued at $26,027,000 after purchasing an additional 898,176 shares in the last quarter. Northern Trust Corp raised its position in Xenia Hotels & Resorts by 37.5% during the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after purchasing an additional 455,757 shares in the last quarter. Finally, Woodline Partners LP raised its position in Xenia Hotels & Resorts by 138.9% during the 1st quarter. Woodline Partners LP now owns 1,650,570 shares of the real estate investment trust's stock valued at $19,411,000 after purchasing an additional 959,641 shares in the last quarter. 92.43% of the stock is owned by institutional investors.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.