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

Xenia Hotels & Resorts (NYSE:XHR) had its price objective raised by Wells Fargo & Company from $14.00 to $15.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Separately, Wall Street Zen downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Xenia Hotels & Resorts Stock Up 2.4%

Shares of XHR stock opened at $14.28 on Wednesday. Xenia Hotels & Resorts has a twelve month low of $8.55 and a twelve month high of $16.50. The stock has a market cap of $1.37 billion, a P/E ratio of 22.66 and a beta of 1.72. The stock has a 50 day moving average of $13.01 and a 200 day moving average of $12.36. 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 released its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The business had revenue of $287.58 million for the quarter, compared to analyst estimates of $273.43 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, sell-side analysts expect that Xenia Hotels & Resorts will post 1.46 EPS for the current year.

Xenia Hotels & Resorts declared that its board has authorized a share buyback program on Wednesday, May 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in XHR. State of Wyoming acquired a new stake in Xenia Hotels & Resorts during the second quarter worth about $118,000. Caxton Associates LLP purchased a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at approximately $252,000. Public Sector Pension Investment Board increased its holdings in shares of Xenia Hotels & Resorts by 4.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 336,529 shares of the real estate investment trust’s stock worth $4,230,000 after buying an additional 13,632 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Xenia Hotels & Resorts by 512.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,106 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 13,476 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at approximately $406,000. Hedge funds and other 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.