Jefferies Financial Group Forecasts Strong Price Appreciation for Xenia Hotels & Resorts (NYSE:XHR) Stock

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

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

Xenia Hotels & Resorts Trading Up 0.2 %

XHR traded up $0.03 during trading on Thursday, hitting $14.89. 103,800 shares of the stock were exchanged, 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 firm has a market cap of $1.52 billion, a price-to-earnings ratio of 64.74 and a beta of 1.52. The firm has a 50 day simple moving average of $15.23 and a 200 day simple moving average of $14.49. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Xenia Hotels & Resorts in the second quarter worth $25,000. Loomis Sayles & Co. L P raised its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,982 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Xenia Hotels & Resorts by 34.9% in 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 buying an additional 1,023 shares during the period. International Assets Investment Management LLC boosted 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 worth $144,000 after buying an additional 9,394 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Xenia Hotels & Resorts during the second quarter worth about $147,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

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.