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

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

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

Xenia Hotels & Resorts Stock Performance

XHR stock traded down $0.18 during midday trading on Monday, hitting $13.81. The stock had a trading volume of 26,126 shares, compared to its average volume of 923,620. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 21.91 and a beta of 1.71. Xenia Hotels & Resorts has a 52 week low of $8.55 and a 52 week high of $16.50. The stock has a 50-day simple moving average of $13.42 and a 200 day simple moving average of $13.17. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.13.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Aberdeen Group plc boosted its holdings in shares of Xenia Hotels & Resorts by 3.6% in the first quarter. Aberdeen Group plc now owns 27,543 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 958 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Xenia Hotels & Resorts by 1.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,312 shares of the real estate investment trust’s stock worth $733,000 after acquiring an additional 975 shares during the period. Arete Wealth Advisors LLC lifted its position in Xenia Hotels & Resorts by 5.4% in the 1st quarter. Arete Wealth Advisors LLC now owns 21,099 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 1,085 shares in the last quarter. Salomon & Ludwin LLC boosted its stake 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 worth $28,000 after purchasing an additional 1,111 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in Xenia Hotels & Resorts by 38.5% during 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 in the last quarter. Institutional investors 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.