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.
Wall Street Analyst Weigh In
A number of analysts recently commented on XHR shares. StockNews.com lowered Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Friday, April 29th. KeyCorp reduced their target price on Xenia Hotels & Resorts from $21.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, June 28th. Oppenheimer assumed coverage on Xenia Hotels & Resorts in a report on Thursday, April 21st. They set a "market perform" rating and a $20.00 target price on the stock. Finally, B. Riley upgraded Xenia Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Xenia Hotels & Resorts presently has an average rating of "Moderate Buy" and an average target price of $20.40.
Xenia Hotels & Resorts Price Performance
Shares of NYSE:XHR traded up $0.37 during trading on Friday, hitting $17.77. 379,008 shares of the company's stock traded hands, compared to its average volume of 457,948. The company has a 50-day moving average price of $15.73 and a 200-day moving average price of $17.57. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.97. Xenia Hotels & Resorts has a 52 week low of $13.18 and a 52 week high of $20.41.
Insider Activity
In other news, insider Barry A. N. Bloom sold 25,000 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $19.09, for a total value of $477,250.00. Following the completion of the sale, the insider now owns 217,741 shares of the company's stock, valued at $4,156,675.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.40% of the company's stock.