Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) had its price objective raised by investment analysts at KeyCorp from $15.00 to $17.00 in a report released on Friday, Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. KeyCorp's target price would indicate a potential upside of 11.55% from the company's current price.
Other research analysts have also issued research reports about the stock. Wolfe Research began coverage on shares of Xenia Hotels & Resorts in a research note on Wednesday, January 10th. They issued a "peer perform" rating on the stock. B. Riley reiterated a "neutral" rating and issued a $17.00 price objective (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an "equal weight" rating in a research note on Thursday, March 21st. StockNews.com upgraded shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Wednesday, February 28th. Finally, Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a "hold" rating to a "buy" rating and upped their price objective for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $15.70.
Read Our Latest Analysis on Xenia Hotels & Resorts
Xenia Hotels & Resorts Trading Up 1.8 %
Shares of XHR stock traded up $0.27 during trading hours on Friday, reaching $15.24. 982,469 shares of the stock traded hands, compared to its average volume of 854,098. Xenia Hotels & Resorts has a 1-year low of $10.90 and a 1-year high of $15.84. The business has a fifty day moving average price of $14.30 and a 200 day moving average price of $13.12. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.55 billion, a PE ratio of 89.65 and a beta of 1.45.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $253.38 million during the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. On average, equities research analysts forecast that Xenia Hotels & Resorts will post 1.55 EPS for the current year.
Institutional Trading of Xenia Hotels & Resorts
Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth $30,000. VitalStone Financial LLC boosted its holdings in shares of Xenia Hotels & Resorts by 54.4% during the 4th quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust's stock worth $34,000 after buying an additional 875 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Xenia Hotels & Resorts by 258.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the real estate investment trust's stock worth $56,000 after buying an additional 3,089 shares during the period. Principal Securities Inc. bought a new stake in shares of Xenia Hotels & Resorts during the 4th quarter worth $64,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 1,274.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust's stock worth $67,000 after buying an additional 4,561 shares during the period. 92.43% of the stock is owned by institutional investors.
About Xenia Hotels & Resorts
(
Get Free Report)
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.
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