Wells Fargo & Company Raises Xenia Hotels & Resorts (NYSE:XHR) Price Target to $15.00

Key Points

• Wells Fargo & Company raised the price target for Xenia Hotels & Resorts from $14.00 to $15.00, indicating a potential upside of 7.57% from the current stock price.
• Xenia Hotels & Resorts currently holds an average rating of "Hold" from analysts, with two analysts rating it as a Buy and one as a Sell.
• The company has recently announced a $100 million stock buyback plan, suggesting that its board considers the stock to be undervalued.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) had its price objective lifted by equities research analysts at Wells Fargo & Company from $14.00 to $15.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price points to a potential upside of 7.57% from the stock's current price.

Separately, Wall Street Zen cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.50.

Xenia Hotels & Resorts Trading Up 0.3%

Shares of Xenia Hotels & Resorts stock opened at $13.95 on Wednesday. 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 has a 52 week low of $8.55 and a 52 week high of $16.50. The stock has a 50 day moving average price of $12.97 and a two-hundred day moving average price of $12.35. The stock has a market capitalization of $1.34 billion, a PE ratio of 22.13 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts' consensus estimates 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 firm posted $0.52 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, equities analysts anticipate that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in shares of Xenia Hotels & Resorts by 14.4% in the second 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 grew its position in Xenia Hotels & Resorts by 17.8% during the first quarter. Millennium Management LLC now owns 2,126,198 shares of the real estate investment trust's stock worth $25,004,000 after buying an additional 321,343 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Xenia Hotels & Resorts by 76.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,070,540 shares of the real estate investment trust's stock worth $26,027,000 after buying an additional 898,176 shares in the last quarter. Northern Trust Corp grew its position in Xenia Hotels & Resorts by 37.5% during the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock worth $24,833,000 after buying an additional 455,757 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its position in Xenia Hotels & Resorts by 258.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust's stock worth $24,599,000 after buying an additional 1,193,990 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other 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.

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