Xenia Hotels & Resorts (NYSE:XHR) Price Target Lowered to $17.00 at Wells Fargo & Company

Xenia Hotels & Resorts (NYSE:XHR) had its price target reduced by Wells Fargo & Company from $18.00 to $17.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on the company. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Jefferies Financial Group upped their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.38.

Xenia Hotels & Resorts Stock Performance

XHR opened at $14.68 on Tuesday. The business has a fifty day simple moving average of $15.00 and a 200 day simple moving average of $14.64. The company has a market capitalization of $1.49 billion, a PE ratio of 63.81 and a beta of 1.50. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of XHR. Allspring Global Investments Holdings LLC increased its stake in shares of Xenia Hotels & Resorts by 9.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 179,392 shares of the real estate investment trust’s stock valued at $2,650,000 after buying an additional 15,776 shares during the period. International Assets Investment Management LLC increased its stake in shares of Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 9,394 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 buying an additional 1,023 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Xenia Hotels & Resorts by 9.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 2,647 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of Xenia Hotels & Resorts by 4.2% in the third quarter. New York State Teachers Retirement System now owns 135,804 shares of the real estate investment trust’s stock valued at $2,006,000 after buying an additional 5,435 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

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.