Xenia Hotels & Resorts (NYSE:XHR) Price Target Lowered to $9.00 at Morgan Stanley

Xenia Hotels & Resorts (NYSE:XHR) had its target price reduced by analysts at Morgan Stanley from $11.00 to $9.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target would indicate a potential downside of 11.59% from the stock’s current price.

A number of other brokerages also recently issued reports on XHR. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. KeyCorp cut their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Jefferies Financial Group cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. Finally, Wells Fargo & Company cut their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.50.

Xenia Hotels & Resorts Trading Up 1.9 %

NYSE:XHR opened at $10.18 on Tuesday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 44.26 and a beta of 1.38. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average price is $11.94 and its 200-day moving average price is $13.96. Xenia Hotels & Resorts has a 52 week low of $8.55 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. increased its holdings in Xenia Hotels & Resorts by 0.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust’s stock worth $1,808,000 after acquiring an additional 1,204 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Xenia Hotels & Resorts by 4.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 31,900 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 1,327 shares during the period. QRG Capital Management Inc. increased its stake in shares of Xenia Hotels & Resorts by 8.2% in the first quarter. QRG Capital Management Inc. now owns 19,963 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 1,518 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Xenia Hotels & Resorts by 11.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,631 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 1,943 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Xenia Hotels & Resorts by 1,623.5% during the 1st quarter. GAMMA Investing LLC now owns 19,475 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 18,345 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of 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.