Xenia Hotels & Resorts (NYSE:XHR) Reaches New 12-Month Low After Analyst Downgrade

Posted by on Aug 27th, 2023

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Free Report) reached a new 52-week low during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $11.00 to $10.00. Morgan Stanley currently has an underweight rating on the stock. Xenia Hotels & Resorts traded as low as $10.99 and last traded at $11.04, with a volume of 44530 shares changing hands. The stock had previously closed at $11.19.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company reduced their price objective on Xenia Hotels & Resorts from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. StockNews.com initiated coverage on Xenia Hotels & Resorts in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, B. Riley cut their price target on Xenia Hotels & Resorts from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.00.

Check Out Our Latest Stock Report on XHR

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its position in Xenia Hotels & Resorts by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 37,170 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 2,008 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Xenia Hotels & Resorts in the 2nd quarter valued at $30,000. Quadrature Capital Ltd bought a new stake in Xenia Hotels & Resorts in the second quarter valued at $213,000. Royal Bank of Canada raised its stake in Xenia Hotels & Resorts by 50.2% during the second quarter. Royal Bank of Canada now owns 22,914 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 7,655 shares in the last quarter. Finally, Bridgefront Capital LLC lifted its holdings in shares of Xenia Hotels & Resorts by 47.3% during the second quarter. Bridgefront Capital LLC now owns 15,605 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 5,012 shares during the period. 90.38% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Trading Down 2.1 %

The firm has a market cap of $1.17 billion, a P/E ratio of 22.83 and a beta of 1.48. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.99. The company’s fifty day moving average price is $12.19 and its two-hundred day moving average price is $12.72.

Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $271.07 million for the quarter, compared to the consensus estimate of $274.90 million. Xenia Hotels & Resorts had a return on equity of 4.07% and a net margin of 5.14%. As a group, sell-side analysts predict that Xenia Hotels & Resorts, Inc. will post 1.38 EPS for the current fiscal year.

Xenia Hotels & Resorts Company Profile

(Get Free Report)

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 9,508 rooms across 14 states.

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