StockNews.com Covers Xenia Hotels & Resorts (NYSE:XHR) 2023
XHR has been the focus of many previous studies. In a report released on Monday, March 6th, B. Riley dropped their target price on Xenia Hotels & Resorts from $20.00 to $19.00 and assigned the stock a “buy” rating. In a research report dated December 5th, Morgan Stanley assumed coverage of Xenia Hotels & Resorts. They assigned the company a rating of “underweight” and a price target of $13.00. Monday, March 6th, Oppenheimer confirmed its “market perform” rating and gave a $16.00 price objective on shares of Xenia Hotels & Resorts. Friday, December 9th, Raymond James downgraded Xenia Hotels & Resorts from “outperform” to “market perform” in a research report. In a report published on Tuesday, December 20th, Robert W. Baird cut their price objective for Xenia Hotels & Resorts from $20.00 to $18.00. One equity research analyst has assigned a sell recommendation to the stock, four have assigned a hold rating, and three have assigned a buy rating. According to MarketBeat statistics, the average recommendation for this business is “Hold,” and the average price target is $17.14.
Stock Performance of Xenia Hotels & Resorts
Friday’s opening price for Xenia Hotels & Resorts shares was $13.38. The company’s 50-day and 200-day moving averages are $14.14 and $14.67, respectively. The 12-month low for Xenia Hotels & Resorts is $12.48, while the 12-month high is $20.36. The stock has a $1.49 billion market capitalization, a P/E ratio of 27.31, and a beta of 1.50. The company’s debt-to-equity ratio is 0.98, while its current ratio and quick ratio are both 3.77.
Institutional Flows in and Flows out
Numerous institutional investors have lately increased or decreased their corporate holdings. During the first quarter, Eaton Vance Management grew its holdings in Xenia Hotels & Resorts by 5.0%. Eaton Vance Management now holds 12,480 shares of the REIT’s stock, valued at $241,000, after purchasing 597 more shares during the period. In the first quarter, Sei Investments Co. increased its investment in Xenia Hotels & Resorts by 2.9%. Sei Investments Co. now owns 23,374 shares of the REIT’s stock valued at $465k after acquiring an additional 666 shares in the most recent quarter. In the third quarter, Point72 Hong Kong Ltd increased its holdings in Xenia Hotels & Resorts by 14.0%. Point72 Hong Kong Ltd now holds 5,981 shares of the REIT’s stock, valued at $82,000, after acquiring 734 more shares in the last recent quarter. In the fourth quarter, the State of Alaska Department of Revenue increased its holdings in Xenia Hotels & Resorts by 0.6%. State of Alaska Department of Revenue now owns 136,812 shares of the real estate investment trust’s stock worth $1,802,000 after acquiring an additional 754 shares in the last recent quarter. In the third quarter, Mercer Global Advisors Inc. ADV increased its position in Xenia Hotels & Resorts by 5.3%. Mercer Global Advisors Inc. ADV now owns 15,823 shares of the REIT’s stock valued at $218,000 after acquiring 792 more shares in the most recent quarter. The company’s stock is owned by institutional investors and hedge funds to the tune of 87.22 percent.
Xenia Hotels & Resorts Company Overview (Get Rating)
Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in luxury and ultra-luxury hotels and resorts. It also has a network of hotels managed by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The firm was established in 2007 and is based in Orlando, Florida.