Xenia Hotels & Resorts, Inc. (NYSE:XHR) Receives $18.33 Consensus PT from Analysts

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.33.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, July 20th. BMO Capital Markets reiterated a “buy” rating on shares of Xenia Hotels & Resorts in a research report on Friday, August 13th. B. Riley upped their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, June 15th. TheStreet cut Xenia Hotels & Resorts from a “c-” rating to a “d+” rating in a research report on Friday, July 16th. Finally, Raymond James lowered their price target on Xenia Hotels & Resorts from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, August 5th.

Several hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its holdings in shares of Xenia Hotels & Resorts by 12.1% during the second quarter. Parametric Portfolio Associates LLC now owns 372,255 shares of the real estate investment trust’s stock worth $6,972,000 after purchasing an additional 40,152 shares during the last quarter. Morgan Stanley lifted its stake in shares of Xenia Hotels & Resorts by 117.7% during the second quarter. Morgan Stanley now owns 619,146 shares of the real estate investment trust’s stock valued at $11,596,000 after acquiring an additional 334,780 shares during the period. Adelante Capital Management LLC lifted its stake in shares of Xenia Hotels & Resorts by 69.2% during the second quarter. Adelante Capital Management LLC now owns 1,261,673 shares of the real estate investment trust’s stock valued at $23,631,000 after acquiring an additional 516,036 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in shares of Xenia Hotels & Resorts by 86,304.5% during the second quarter. Metropolitan Life Insurance Co NY now owns 38,018 shares of the real estate investment trust’s stock valued at $712,000 after acquiring an additional 37,974 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Xenia Hotels & Resorts by 78.0% during the second quarter. Millennium Management LLC now owns 259,102 shares of the real estate investment trust’s stock valued at $4,853,000 after acquiring an additional 113,550 shares during the period. Institutional investors own 85.27% of the company’s stock.

Shares of XHR traded up $0.51 on Thursday, reaching $18.02. 5,337 shares of the stock traded hands, compared to its average volume of 582,387. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -15.92 and a beta of 1.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 6.65 and a quick ratio of 6.65. Xenia Hotels & Resorts has a 12 month low of $7.97 and a 12 month high of $21.40. The stock’s 50-day moving average price is $17.28 and its 200-day moving average price is $18.62.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, August 3rd. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.03). Xenia Hotels & Resorts had a negative net margin of 33.33% and a negative return on equity of 8.30%. The firm had revenue of $152.00 million for the quarter, compared to the consensus estimate of $142.53 million. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. The business’s revenue for the quarter was up 927.0% on a year-over-year basis. As a group, equities research analysts forecast that Xenia Hotels & Resorts will post -0.03 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of 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.

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

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