KeyCorp Has Lowered Expectations for Xenia Hotels & Resorts (NYSE:XHR) Stock Price

Xenia Hotels & Resorts (NYSE:XHR) had its target price lowered by equities researchers at KeyCorp from $17.00 to $16.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s target price would indicate a potential upside of 28.82% from the company’s current price.

A number of other equities analysts also recently weighed in on XHR. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Jefferies Financial Group raised their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.13.

Xenia Hotels & Resorts Trading Down 2.0 %

XHR opened at $12.42 on Monday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 54.00 and a beta of 1.47. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts has a 12 month low of $12.04 and a 12 month high of $16.50. The firm’s fifty day simple moving average is $13.97 and its 200 day simple moving average is $14.61.

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

Institutional Trading of Xenia Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at about $28,000. Loomis Sayles & Co. L P grew its holdings in Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares during the period. Smartleaf Asset Management LLC increased its position in Xenia Hotels & Resorts by 500.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in Xenia Hotels & Resorts during the fourth quarter worth approximately $30,000. Finally, Fifth Third Bancorp raised its stake in Xenia Hotels & Resorts by 2,492.9% in the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 2,443 shares during the period. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Company Profile

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.