Jefferies Financial Group Increases Xenia Hotels & Resorts (NYSE:XHR) Price Target to $20.00

Xenia Hotels & Resorts (NYSE:XHR) had its target price lifted by investment analysts at Jefferies Financial Group from $18.00 to $20.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 34.77% from the stock’s previous close.

A number of other analysts have also issued reports on XHR. StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 30th. Wells Fargo & Company lifted their price objective on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.63.

Xenia Hotels & Resorts Trading Up 0.6 %

NYSE XHR opened at $14.84 on Thursday. The company’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $14.50. The stock has a market cap of $1.51 billion, a P/E ratio of 64.52 and a beta of 1.52. Xenia Hotels & Resorts has a 52 week low of $12.34 and a 52 week high of $16.50. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XHR. Wellington Management Group LLP grew its position in shares of Xenia Hotels & Resorts by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after buying an additional 465,141 shares during the last quarter. State Street Corp boosted its stake in Xenia Hotels & Resorts by 1.8% in the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock valued at $91,597,000 after acquiring an additional 108,798 shares during the period. Geode Capital Management LLC boosted its stake in Xenia Hotels & Resorts by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after acquiring an additional 60,323 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Xenia Hotels & Resorts by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock valued at $34,443,000 after purchasing an additional 59,212 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Xenia Hotels & Resorts by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock worth $24,555,000 after purchasing an additional 40,807 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 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.