Xenia Hotels & Resorts (NYSE:XHR) Given New $16.00 Price Target 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 research report sent to investors on Tuesday, Marketbeat.com reports. BMO Capital Markets currently has an outperform rating on the real estate investment trust's stock.

Several other research analysts have also weighed in on XHR. Wall Street Zen lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company boosted their price target on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.20.

Xenia Hotels & Resorts Stock Down 1.7%

Xenia Hotels & Resorts stock traded down $0.26 during midday trading on Tuesday, reaching $14.38. The stock had a trading volume of 734,613 shares, compared to its average volume of 901,864. The firm's fifty day simple moving average is $13.26 and its 200-day simple moving average is $12.34. Xenia Hotels & Resorts has a 1-year low of $8.55 and a 1-year high of $16.50. The stock has a market capitalization of $1.38 billion, a P/E ratio of 22.83 and a beta of 1.72. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96.

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

Xenia Hotels & Resorts declared that its board has authorized a share repurchase program on Wednesday, May 14th that allows the company to buyback $100.00 million in outstanding 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 generally a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GF Fund Management CO. LTD. acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $28,000. Allworth Financial LP increased its holdings in shares of Xenia Hotels & Resorts by 231.4% during the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,798 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Xenia Hotels & Resorts during the 1st quarter worth approximately $68,000. Finally, GAMMA Investing LLC boosted its stake in Xenia Hotels & Resorts by 288.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,438 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 4,782 shares during the period. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Company Profile

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.