Xenia Hotels & Resorts, Inc. (NYSE:XHR) had its price objective increased by stock analysts at Wells Fargo & Company from $19.50 to $20.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Wells Fargo & Company’s price target would suggest a potential downside of 5.30% from the stock’s previous close.

A number of other brokerages also recently weighed in on XHR. TheStreet downgraded Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a report on Tuesday, September 26th. ValuEngine raised Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, September 27th. BidaskClub raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Morgan Stanley raised their target price on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, June 16th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Xenia Hotels & Resorts has an average rating of “Buy” and an average price target of $21.40.

Xenia Hotels & Resorts (NYSE:XHR) traded up 1.66% during trading on Friday, reaching $21.47. The company’s stock had a trading volume of 116,007 shares. Xenia Hotels & Resorts has a 1-year low of $15.00 and a 1-year high of $21.49. The stock has a market cap of $2.29 billion, a P/E ratio of 15.75 and a beta of 0.80. The company’s 50 day moving average price is $20.72 and its 200-day moving average price is $20.72.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.41. The firm had revenue of $244.39 million for the quarter, compared to the consensus estimate of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Equities analysts forecast that Xenia Hotels & Resorts will post $0.90 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 38.1% during the 1st quarter. Principal Financial Group Inc. now owns 19,653 shares of the real estate investment trust’s stock valued at $335,000 after acquiring an additional 5,420 shares in the last quarter. IndexIQ Advisors LLC boosted its holdings in shares of Xenia Hotels & Resorts by 11.5% during the 2nd quarter. IndexIQ Advisors LLC now owns 129,175 shares of the real estate investment trust’s stock valued at $2,502,000 after acquiring an additional 13,298 shares in the last quarter. Virginia Retirement Systems ET AL boosted its holdings in shares of Xenia Hotels & Resorts by 1,705.0% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 180,500 shares of the real estate investment trust’s stock valued at $3,496,000 after acquiring an additional 170,500 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at $154,000. Finally, BlackRock Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 5,506.3% during the 1st quarter. BlackRock Inc. now owns 9,533,515 shares of the real estate investment trust’s stock valued at $162,736,000 after acquiring an additional 9,363,464 shares in the last quarter. 64.98% of the stock is currently owned by institutional investors.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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