Wells Fargo & Company Forecasts Strong Price Appreciation for Xenia Hotels & Resorts (NYSE:XHR) Stock

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 target boosted by Wells Fargo & Company from $14.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would indicate a potential upside of 5.90% from the company's previous close.

Separately, Wall Street Zen lowered 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 given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.50.

Xenia Hotels & Resorts Stock Down 0.0%

Shares of NYSE:XHR traded down $0.01 during trading on Wednesday, reaching $14.16. 690,934 shares of the stock were exchanged, compared to its average volume of 1,019,686. 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 1-year low of $8.55 and a 1-year high of $16.50. The stock has a fifty day moving average of $13.09 and a two-hundred day moving average of $12.32. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 22.48 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, topping 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 company had revenue of $287.58 million for the quarter, compared to analyst estimates of $273.43 million. During the same period in the prior year, the firm earned $0.52 earnings per share. Xenia Hotels & Resorts's revenue for the quarter 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. Research 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 repurchase plan 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 purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several large investors have recently made changes to their positions in the business. State of Wyoming purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $118,000. Caxton Associates LLP purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $252,000. Public Sector Pension Investment Board increased its position in shares of Xenia Hotels & Resorts by 4.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 336,529 shares of the real estate investment trust's stock valued at $4,230,000 after purchasing an additional 13,632 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Xenia Hotels & Resorts by 512.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,106 shares of the real estate investment trust's stock valued at $202,000 after purchasing an additional 13,476 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $406,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

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.