Wells Fargo & Company Increases Xenia Hotels & Resorts (NYSE:XHR) Price Target to $14.00

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) had its price objective upped by stock analysts at Wells Fargo & Company from $12.00 to $14.00 in a report released on Tuesday,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 7.69% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Morgan Stanley dropped their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. KeyCorp dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their target price for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $12.90.

Xenia Hotels & Resorts Trading Up 3.4%

NYSE:XHR traded up $0.43 during trading hours on Tuesday, hitting $13.00. 992,616 shares of the stock were exchanged, compared to its average volume of 826,053. The company's 50 day moving average is $11.89 and its two-hundred day moving average is $12.87. Xenia Hotels & Resorts has a twelve month low of $8.55 and a twelve month high of $16.50. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $1.28 billion, a P/E ratio of 59.09 and a beta of 1.65.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. Xenia Hotels & Resorts had a return on equity of 1.80% and a net margin of 2.19%. The firm had revenue of $288.93 million for the quarter, compared to the consensus estimate of $276.51 million. During the same quarter in the prior year, the business earned $0.44 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side 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 has approved a share buyback plan on Wednesday, May 14th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of Xenia Hotels & Resorts

Large investors have recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in Xenia Hotels & Resorts by 16.5% during the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock worth $131,000 after purchasing an additional 1,250 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Xenia Hotels & Resorts by 38.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 30,573 shares of the real estate investment trust's stock worth $454,000 after purchasing an additional 8,431 shares in the last quarter. Metis Global Partners LLC increased its holdings in Xenia Hotels & Resorts by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock worth $174,000 after purchasing an additional 1,194 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Xenia Hotels & Resorts by 500.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,657 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Xenia Hotels & Resorts by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock worth $35,102,000 after purchasing an additional 30,186 shares in the last quarter. Institutional investors own 92.43% of the company's stock.

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.