Analysts Set Xenia Hotels & Resorts, Inc. (NYSE:XHR) PT at $17.50

Xenia Hotels & Resorts, Inc. (NYSE:XHR) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.50.

XHR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, May 21st. Morgan Stanley boosted their target price on shares of Xenia Hotels & Resorts from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, March 2nd. Finally, BMO Capital Markets raised Xenia Hotels & Resorts from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $22.00 to $23.00 in a research report on Tuesday, May 25th.

In related news, insider Taylor C. Kessel sold 11,073 shares of the firm’s stock in a transaction that occurred on Thursday, May 27th. The shares were sold at an average price of $19.63, for a total value of $217,362.99. Following the sale, the insider now owns 62,311 shares in the company, valued at $1,223,164.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Atish Shah sold 4,620 shares of Xenia Hotels & Resorts stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $21.00, for a total transaction of $97,020.00. Following the completion of the sale, the insider now directly owns 155,782 shares of the company’s stock, valued at approximately $3,271,422. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,879 shares of company stock worth $1,371,225. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in Xenia Hotels & Resorts during the fourth quarter valued at $2,908,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Xenia Hotels & Resorts by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,853,234 shares of the real estate investment trust’s stock worth $28,170,000 after purchasing an additional 14,552 shares during the period. Nuveen Asset Management LLC grew its position in Xenia Hotels & Resorts by 24.4% during the fourth quarter. Nuveen Asset Management LLC now owns 859,072 shares of the real estate investment trust’s stock valued at $13,057,000 after buying an additional 168,614 shares during the period. Allstate Corp increased its holdings in Xenia Hotels & Resorts by 23.7% during the fourth quarter. Allstate Corp now owns 36,709 shares of the real estate investment trust’s stock valued at $558,000 after buying an additional 7,041 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position in Xenia Hotels & Resorts by 73.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 102,352 shares of the real estate investment trust’s stock worth $1,556,000 after acquiring an additional 43,271 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

NYSE:XHR opened at $20.46 on Tuesday. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $19.18. The company has a market capitalization of $2.33 billion, a PE ratio of -12.63 and a beta of 1.67. Xenia Hotels & Resorts has a twelve month low of $7.56 and a twelve month high of $21.40.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Thursday, May 6th. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.27). Xenia Hotels & Resorts had a negative net margin of 75.76% and a negative return on equity of 11.84%. The company had revenue of $87.90 million for the quarter, compared to analysts’ expectations of $80.35 million. During the same quarter in the prior year, the firm earned $0.17 EPS. Xenia Hotels & Resorts’s quarterly revenue was down 59.2% compared to the same quarter last year. Analysts predict that Xenia Hotels & Resorts will post -0.05 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Company Profile

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

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