Xenia Hotels & Resorts (NYSE:XHR) Price Target Raised to $18.00

Xenia Hotels & Resorts (NYSE:XHR) had its price target upped by Wells Fargo & Company from $17.00 to $18.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 11.04% from the company’s previous close.

Separately, StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.13.

Xenia Hotels & Resorts Stock Performance

Shares of XHR traded up $0.13 during midday trading on Monday, reaching $16.21. 57,551 shares of the stock were exchanged, compared to its average volume of 789,944. The business’s 50-day moving average price is $15.00 and its 200 day moving average price is $14.35. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 70.48 and a beta of 1.52. 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 has a twelve month low of $12.34 and a twelve month high of $16.31.

Hedge Funds Weigh In On Xenia Hotels & Resorts

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

About Xenia Hotels & Resorts

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.