Xenia Hotels & Resorts (NYSE:XHR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Xenia Hotels & Resorts (NYSE:XHR) had its price objective raised by equities research analysts at Wells Fargo & Company from $15.00 to $16.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 15.90% from the company’s current price.

XHR has been the subject of several other research reports. BMO Capital Markets lifted their price objective on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research note on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.40.

Xenia Hotels & Resorts Stock Down 1.3%

Shares of NYSE XHR traded down $0.18 during trading hours on Monday, hitting $13.81. The stock had a trading volume of 26,126 shares, compared to its average volume of 923,620. The company has a market capitalization of $1.31 billion, a P/E ratio of 21.91 and a beta of 1.71. The firm’s 50-day moving average price is $13.42 and its two-hundred day moving average price is $13.17. Xenia Hotels & Resorts has a 52 week low of $8.55 and a 52 week high of $16.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.39. The firm had revenue of $236.42 million for the quarter, compared to analyst estimates of $236.16 million. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. During the same quarter last year, the firm earned $0.25 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. Analysts anticipate that Xenia Hotels & Resorts will post 1.46 EPS for the current fiscal year.

Institutional Trading of Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XHR. MAI Capital Management increased its position in Xenia Hotels & Resorts by 475.6% during the third quarter. MAI Capital Management now owns 2,026 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,674 shares during the period. Salomon & Ludwin LLC boosted its holdings in Xenia Hotels & Resorts by 114.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,085 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,111 shares during the period. Hantz Financial Services Inc. grew its position in Xenia Hotels & Resorts by 38.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,023 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,119 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter worth about $68,000. Finally, GAMMA Investing LLC raised its position in shares of Xenia Hotels & Resorts by 288.8% during the second quarter. GAMMA Investing LLC now owns 6,438 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 4,782 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

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.