Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $21.25 Consensus Price Target from Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating) have been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $21.25.

XHR has been the topic of a number of recent research reports. StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, April 8th. TheStreet upgraded shares of Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Thursday, March 3rd. Finally, Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Thursday, April 7th.

Shares of NYSE:XHR traded down $0.33 during trading on Monday, reaching $18.78. 7,604 shares of the company traded hands, compared to its average volume of 539,210. The company has a fifty day simple moving average of $18.71. Xenia Hotels & Resorts has a 1-year low of $15.15 and a 1-year high of $21.04. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 1.04.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last issued its earnings results on Tuesday, March 1st. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The company had revenue of $203.60 million for the quarter, compared to analyst estimates of $182.89 million. Xenia Hotels & Resorts had a negative net margin of 23.29% and a negative return on equity of 9.76%. The company’s quarterly revenue was up 169.0% on a year-over-year basis. During the same period last year, the business earned ($0.24) EPS. Equities research analysts expect that Xenia Hotels & Resorts will post 1.14 earnings per share for the current fiscal year.

In related news, insider Barry A. N. Bloom sold 25,000 shares of Xenia Hotels & Resorts stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $19.10, for a total value of $477,500.00. Following the transaction, the insider now owns 267,741 shares in the company, valued at approximately $5,113,853.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its position in Xenia Hotels & Resorts by 1.3% in the 1st quarter. Maryland State Retirement & Pension System now owns 45,798 shares of the real estate investment trust’s stock worth $883,000 after purchasing an additional 598 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Xenia Hotels & Resorts by 0.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 161,939 shares of the real estate investment trust’s stock worth $2,873,000 after purchasing an additional 614 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Xenia Hotels & Resorts by 0.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 92,945 shares of the real estate investment trust’s stock worth $1,683,000 after purchasing an additional 629 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Xenia Hotels & Resorts by 5.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,627 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 666 shares during the last quarter. Finally, Advisor Partners LLC grew its position in Xenia Hotels & Resorts by 6.2% in the 4th quarter. Advisor Partners LLC now owns 12,171 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 715 shares during the last quarter. Institutional investors own 84.31% of the company’s stock.

Xenia Hotels & Resorts Company Profile (Get Rating)

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.

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