Jefferies Financial Group Issues Positive Forecast for Xenia Hotels & Resorts (NYSE:XHR) Stock Price

Xenia Hotels & Resorts (NYSE:XHR) had its price objective lifted by equities research analysts at Jefferies Financial Group from $18.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential upside of 34.32% from the company’s current price.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Xenia Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

Xenia Hotels & Resorts Price Performance

Shares of NYSE:XHR traded up $0.03 on Thursday, hitting $14.89. The company’s stock had a trading volume of 103,800 shares, compared to its average volume of 790,982. The company has a market capitalization of $1.52 billion, a PE ratio of 64.74 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. The company has a 50-day simple moving average of $15.23 and a 200 day simple moving average of $14.49. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of 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 valued at $3,776,000 after purchasing an additional 962 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $60,000 after acquiring an additional 1,023 shares during the period. MML Investors Services LLC increased its holdings in 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 worth $184,000 after acquiring an additional 1,338 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in 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 worth $498,000 after acquiring an additional 1,415 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of 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 purchasing an additional 1,699 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 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.