KeyCorp Cuts Xenia Hotels & Resorts (NYSE:XHR) Price Target to $16.00

Xenia Hotels & Resorts (NYSE:XHR) had its target price reduced by analysts at KeyCorp from $17.00 to $16.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s target price would suggest a potential upside of 28.26% from the stock’s current price.

Several other analysts also recently issued reports on XHR. Wells Fargo & Company decreased their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.13.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $12.48 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $1.26 billion, a PE ratio of 54.24 and a beta of 1.47. The firm’s 50 day moving average price is $14.05 and its 200 day moving average price is $14.62. Xenia Hotels & Resorts has a twelve month low of $12.04 and a twelve month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. Xenia Hotels & Resorts’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. As a group, research analysts expect that Xenia Hotels & Resorts will post 1.46 EPS for the current fiscal year.

Institutional Trading of Xenia Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its position in shares of Xenia Hotels & Resorts by 0.4% in 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 acquiring an additional 962 shares during the period. Metis Global Partners LLC boosted its holdings in Xenia Hotels & Resorts by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 1,194 shares during the period. IFP Advisors Inc grew its position in Xenia Hotels & Resorts by 16.5% in the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,250 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Xenia Hotels & Resorts by 12.0% during the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,338 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Xenia Hotels & Resorts by 4.4% during the third quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 1,415 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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.