Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) had its price objective lowered by Morgan Stanley from $11.00 to $9.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the real estate investment trust's stock. Morgan Stanley's price target points to a potential downside of 9.47% from the stock's current price.
A number of other analysts have also issued reports on the stock. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their target price on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Finally, KeyCorp cut their price objective 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.50.
Read Our Latest Stock Report on Xenia Hotels & Resorts
Xenia Hotels & Resorts Price Performance
Shares of NYSE:XHR opened at $9.94 on Tuesday. The stock's 50 day moving average price is $12.12 and its 200 day moving average price is $14.01. Xenia Hotels & Resorts has a 12 month low of $8.55 and a 12 month high of $16.50. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 43.46 and a beta of 1.38. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $261.80 million during the quarter, compared to analysts' expectations of $263.47 million. During the same period last year, the firm posted $0.41 earnings per share. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Xenia Hotels & Resorts
Large investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its stake in Xenia Hotels & Resorts by 258.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust's stock valued at $24,599,000 after acquiring an additional 1,193,990 shares during the period. Mesirow Institutional Investment Management Inc. acquired a new position in Xenia Hotels & Resorts in the 4th quarter worth $15,982,000. Invesco Ltd. raised its stake in shares of Xenia Hotels & Resorts by 73.5% in the 4th quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock valued at $16,743,000 after purchasing an additional 477,231 shares during the period. Northern Trust Corp raised its position in Xenia Hotels & Resorts by 37.5% in the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after buying an additional 455,757 shares during the last quarter. Finally, BROOKFIELD Corp ON acquired a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $6,218,000. Institutional investors own 92.43% of the company's stock.
Xenia Hotels & Resorts Company Profile
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Get Free Report)
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.
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