Xenia Hotels & Resorts Inc (NYSE:XHR) Receives $15.50 Average Price Target from Brokerages

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Xenia Hotels & Resorts Inc (NYSE:XHR) has received an average recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $15.50.

A number of equities research analysts have issued reports on XHR shares. ValuEngine raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, June 8th. BMO Capital Markets reissued a “hold” rating and issued a $19.00 price target on shares of Xenia Hotels & Resorts in a report on Thursday, March 5th. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Morgan Stanley cut their price target on shares of Xenia Hotels & Resorts from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. Finally, KeyCorp cut their price target on shares of Xenia Hotels & Resorts from $24.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th.

Shares of XHR stock traded up $0.68 on Tuesday, hitting $9.50. 733,700 shares of the company’s stock traded hands, compared to its average volume of 1,094,481. The company has a debt-to-equity ratio of 0.97, a quick ratio of 6.31 and a current ratio of 6.31. Xenia Hotels & Resorts has a one year low of $6.14 and a one year high of $22.39. The company’s fifty day simple moving average is $9.49 and its 200 day simple moving average is $13.98. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 475.00 and a beta of 1.11.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Monday, May 11th. The real estate investment trust reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.67). Xenia Hotels & Resorts had a net margin of 0.24% and a return on equity of 0.37%. The business had revenue of $215.40 million for the quarter, compared to the consensus estimate of $217.15 million. During the same period in the prior year, the business posted $0.53 EPS. Xenia Hotels & Resorts’s revenue for the quarter was down 26.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Xenia Hotels & Resorts will post -0.13 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of XHR. Norges Bank purchased a new position in Xenia Hotels & Resorts during the 4th quarter valued at about $32,356,000. Nuveen Asset Management LLC lifted its position in Xenia Hotels & Resorts by 10.3% during the 1st quarter. Nuveen Asset Management LLC now owns 581,696 shares of the real estate investment trust’s stock valued at $5,991,000 after acquiring an additional 54,204 shares during the period. BNP Paribas Arbitrage SA increased its stake in Xenia Hotels & Resorts by 18.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 48,620 shares of the real estate investment trust’s stock valued at $501,000 after purchasing an additional 7,698 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Xenia Hotels & Resorts by 3.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 395,698 shares of the real estate investment trust’s stock valued at $4,076,000 after purchasing an additional 12,232 shares in the last quarter. Finally, Schroder Investment Management Group bought a new stake in Xenia Hotels & Resorts during the 1st quarter valued at about $144,000. 82.83% of the stock is owned by hedge funds and other institutional investors.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily 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 40 hotels comprising 11,167 rooms across 17 states.

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Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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