Xenia Hotels & Resorts (NYSE:XHR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) had its target price upped by equities researchers at Jefferies Financial Group from $18.00 to $20.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Jefferies Financial Group's price objective would indicate a potential upside of 35.59% from the stock's previous close.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company raised their price objective on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. StockNews.com upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Xenia Hotels & Resorts has an average rating of "Moderate Buy" and an average target price of $17.63.

Xenia Hotels & Resorts Stock Down 0.7 %

XHR traded down $0.11 during midday trading on Thursday, reaching $14.75. The company's stock had a trading volume of 513,436 shares, compared to its average volume of 790,982. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50. The stock's 50-day moving average is $15.24 and its 200-day moving average is $14.50. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 64.13 and a beta of 1.52. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Xenia Hotels & Resorts by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust's stock valued at $3,776,000 after buying an additional 962 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 1,023 shares during the period. MML Investors Services LLC boosted its position in Xenia Hotels & Resorts by 12.0% in the third quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 1,338 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Xenia Hotels & Resorts by 4.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust's stock valued at $498,000 after purchasing an additional 1,415 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Xenia Hotels & Resorts by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust's stock valued at $2,801,000 after purchasing an additional 1,699 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Company Profile

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.