Wells Fargo & Company Cuts Xenia Hotels & Resorts (NYSE:XHR) Price Target to $17.00

Xenia Hotels & Resorts (NYSE:XHR) had its price objective lowered by Wells Fargo & Company from $18.00 to $17.00 in a research report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

XHR has been the topic of several other reports. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Jefferies Financial Group raised their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.38.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE:XHR opened at $14.46 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. Xenia Hotels & Resorts has a 1 year low of $12.34 and a 1 year high of $16.50. The firm has a market capitalization of $1.47 billion, a PE ratio of 62.85 and a beta of 1.50. The business’s 50 day moving average price is $14.90 and its 200-day moving average price is $14.65.

Institutional Trading of Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in XHR. Public Employees Retirement System of Ohio increased its stake in 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 worth $3,776,000 after acquiring an additional 962 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position 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 worth $60,000 after purchasing an additional 1,023 shares during the last quarter. Metis Global Partners LLC raised 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 buying an additional 1,194 shares during the period. IFP Advisors Inc boosted its stake in Xenia Hotels & Resorts by 16.5% during the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,250 shares during the period. Finally, MML Investors Services LLC lifted its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds 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.