Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states. Xenia's hotels are in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality.
Xenia Hotels & Resorts Stock Performance
NYSE:XHR opened at $17.77 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.11 and a quick ratio of 3.11. Xenia Hotels & Resorts has a 1 year low of $13.18 and a 1 year high of $20.41. The stock's 50 day simple moving average is $15.73 and its two-hundred day simple moving average is $17.58. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -84.62 and a beta of 1.48.
Analyst Ratings Changes
Several research analysts recently weighed in on XHR shares. KeyCorp dropped their target price on shares of Xenia Hotels & Resorts from $21.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, June 28th. StockNews.com lowered Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Friday, April 29th. Oppenheimer began coverage on Xenia Hotels & Resorts in a research report on Thursday, April 21st. They issued a "market perform" rating and a $20.00 target price on the stock. Finally, B. Riley raised Xenia Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $22.00 price objective on the stock in a research note on Tuesday, May 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of "Moderate Buy" and an average price target of $20.40.
Insider Activity
In other news, insider Barry A. N. Bloom sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $19.09, for a total transaction of $477,250.00. Following the transaction, the insider now owns 217,741 shares of the company's stock, valued at approximately $4,156,675.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company's stock.