Brokerages Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) Target Price at $13.20

Key Points

• Xenia Hotels & Resorts has received a consensus rating of "Hold" from five analysts, with one sell rating, one hold rating, and three buy ratings, and an average target price of $13.20.
• The company reported $0.57 earnings per share for the last quarter, exceeding analysts' expectations, and indicated a revenue of $287.58 million, a 5.4% increase from the previous year.
• Xenia Hotels & Resorts has initiated a $100 million stock buyback program, which suggests management believes the stock is currently undervalued.

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) has been given a consensus recommendation of "Hold" by the five brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.20.

Several research firms have recently issued reports on XHR. Wells Fargo & Company boosted their target price 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. BMO Capital Markets boosted their price objective on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Wall Street Zen lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of XHR. Raymond James Financial Inc. acquired a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at approximately $324,000. Mariner LLC boosted its position in Xenia Hotels & Resorts by 20.7% during the 4th quarter. Mariner LLC now owns 20,561 shares of the real estate investment trust's stock worth $306,000 after acquiring an additional 3,525 shares during the last quarter. First Trust Advisors LP boosted its position in Xenia Hotels & Resorts by 15.3% during the 4th quarter. First Trust Advisors LP now owns 187,522 shares of the real estate investment trust's stock worth $2,787,000 after acquiring an additional 24,935 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Xenia Hotels & Resorts by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust's stock worth $21,576,000 after acquiring an additional 3,748 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Xenia Hotels & Resorts by 8.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 87,252 shares of the real estate investment trust's stock worth $1,297,000 after acquiring an additional 6,636 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Trading Down 1.7%

Shares of Xenia Hotels & Resorts stock traded down $0.26 during trading on Tuesday, hitting $14.38. 734,613 shares of the company were exchanged, compared to its average volume of 901,864. The firm has a market capitalization of $1.38 billion, a P/E ratio of 22.83 and a beta of 1.72. Xenia Hotels & Resorts has a 1-year low of $8.55 and a 1-year high of $16.50. The firm's fifty day moving average price is $13.26 and its 200 day moving average price is $12.34. 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 (NYSE:XHR - Get Free Report) last posted 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. The company had revenue of $287.58 million during 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 company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, sell-side analysts expect that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

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

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.