Xenia Hotels & Resorts (NYSE:XHR) Hits New 52-Week High – Still a Buy?

Xenia Hotels & Resorts, Inc. (NYSE:XHR)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $16.14 and last traded at $15.9250, with a volume of 512664 shares traded. The stock had previously closed at $15.98.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Robert W. Baird set a $17.00 price target on Xenia Hotels & Resorts in a research note on Monday, January 12th. Wells Fargo & Company raised their price target on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.00.

Xenia Hotels & Resorts Price Performance

The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 28.44 and a beta of 1.23. The company’s 50 day moving average is $14.77 and its 200 day moving average is $13.98. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.16.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in shares of Xenia Hotels & Resorts by 384.9% in the 3rd quarter. AlphaQuest LLC now owns 132,949 shares of the real estate investment trust’s stock valued at $1,824,000 after purchasing an additional 105,529 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Xenia Hotels & Resorts by 318.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 303,499 shares of the real estate investment trust’s stock worth $4,164,000 after buying an additional 230,921 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Xenia Hotels & Resorts by 54.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 494,924 shares of the real estate investment trust’s stock worth $6,439,000 after buying an additional 173,945 shares during the last quarter. LSV Asset Management boosted its stake in Xenia Hotels & Resorts by 1,170.2% in the second quarter. LSV Asset Management now owns 100,347 shares of the real estate investment trust’s stock valued at $1,261,000 after buying an additional 92,447 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Xenia Hotels & Resorts by 48.4% in the third quarter. Allianz Asset Management GmbH now owns 912,583 shares of the real estate investment trust’s stock valued at $12,521,000 after acquiring an additional 297,451 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.