Wells Fargo & Company Issues Positive Forecast for Xenia Hotels & Resorts (NYSE:XHR) Stock Price

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) had its price objective boosted by Wells Fargo & Company from $12.00 to $14.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential upside of 6.06% from the stock's previous close.

XHR has been the topic of several other research reports. Morgan Stanley dropped their price target on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. Finally, KeyCorp decreased their price target on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.90.

Xenia Hotels & Resorts Stock Up 0.2%

Xenia Hotels & Resorts stock traded up $0.03 during trading hours on Tuesday, hitting $13.20. The company had a trading volume of 391,335 shares, compared to its average volume of 826,851. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.95 and a quick ratio of 1.95. Xenia Hotels & Resorts has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The firm's fifty day moving average is $12.06 and its 200-day moving average is $12.83. The firm has a market capitalization of $1.30 billion, a P/E ratio of 60.00 and a beta of 1.64.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. The company had revenue of $288.93 million for the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.80% and a net margin of 2.19%. The business's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. On average, research analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts announced that its board has authorized a share repurchase program on Wednesday, May 14th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its holdings in shares of Xenia Hotels & Resorts by 0.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust's stock worth $1,808,000 after purchasing an additional 1,204 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Xenia Hotels & Resorts by 500.6% in the fourth 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 during the period. Deutsche Bank AG boosted its stake in Xenia Hotels & Resorts by 25.5% during the fourth quarter. Deutsche Bank AG now owns 133,162 shares of the real estate investment trust's stock worth $1,979,000 after buying an additional 27,033 shares in the last quarter. Bank of America Corp DE boosted its stake in Xenia Hotels & Resorts by 89.6% during the fourth quarter. Bank of America Corp DE now owns 272,368 shares of the real estate investment trust's stock worth $4,047,000 after buying an additional 128,721 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in Xenia Hotels & Resorts in the 4th quarter valued at $15,982,000. 92.43% of the stock is currently owned by 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.