Wells Fargo & Company Issues Pessimistic Forecast for Xenia Hotels & Resorts (NYSE:XHR) Stock Price

Xenia Hotels & Resorts (NYSE:XHR) had its target price reduced by Wells Fargo & Company from $18.00 to $17.00 in a report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on the company. Jefferies Financial Group lifted their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.38.

Xenia Hotels & Resorts Price Performance

XHR stock opened at $14.46 on Tuesday. The business has a 50 day simple moving average of $14.90 and a 200-day simple moving average of $14.65. Xenia Hotels & Resorts has a twelve month low of $12.34 and a twelve month high of $16.50. The company has a market capitalization of $1.47 billion, a P/E ratio of 62.85 and a beta of 1.50. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Institutional Trading of Xenia Hotels & Resorts

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Xenia Hotels & Resorts by 9.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 179,392 shares of the real estate investment trust’s stock valued at $2,650,000 after buying an additional 15,776 shares during the period. International Assets Investment Management LLC lifted its position in Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 9,394 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Xenia Hotels & Resorts by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,023 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Xenia Hotels & Resorts by 9.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 2,647 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in Xenia Hotels & Resorts by 4.2% in the 3rd quarter. New York State Teachers Retirement System now owns 135,804 shares of the real estate investment trust’s stock worth $2,006,000 after buying an additional 5,435 shares in 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 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.