Xenia Hotels & Resorts (NYSE:XHR) Upgraded by Wells Fargo & Company to Overweight

Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts (NYSE:XHR) from an equal weight rating to an overweight rating in a report released on Friday, MarketBeat.com reports. They currently have $15.00 target price on the real estate investment trust’s stock, down from their prior target price of $16.00.

Separately, B. Riley reduced their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a neutral rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $15.30.

Xenia Hotels & Resorts Stock Up 3.8 %

Xenia Hotels & Resorts stock opened at $13.92 on Friday. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 73.24 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.26 and a current ratio of 2.26. Xenia Hotels & Resorts has a fifty-two week low of $10.92 and a fifty-two week high of $15.84. The stock’s fifty day moving average is $13.69 and its two-hundred day moving average is $14.28.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The business had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $275.66 million. During the same quarter last year, the business posted $0.47 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Analysts predict that Xenia Hotels & Resorts will post 1.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several large investors have recently added to or reduced their stakes in XHR. Evoke Wealth LLC acquired a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at $1,047,000. Russell Investments Group Ltd. boosted its holdings in Xenia Hotels & Resorts by 54.5% in the first quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock valued at $2,068,000 after acquiring an additional 48,576 shares during the last quarter. Wellington Management Group LLP grew its position in Xenia Hotels & Resorts by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock valued at $138,067,000 after acquiring an additional 278,686 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Xenia Hotels & Resorts during the second quarter worth about $2,345,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Xenia Hotels & Resorts by 36.0% in the 1st quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock worth $823,000 after purchasing an additional 14,516 shares during the period. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

About Xenia Hotels & Resorts

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 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.