Xenia Hotels & Resorts (NYSE:XHR) Hits New 52-Week High – Still a Buy?

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) reached a new 52-week high during trading on Thursday . The company traded as high as $16.14 and last traded at $15.9250, with a volume of 512664 shares. The stock had previously closed at $15.98.

Analyst Ratings Changes

Several brokerages recently issued reports on XHR. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research note on Monday, December 29th. Robert W. Baird set a $17.00 target price on shares of Xenia Hotels & Resorts in a research note on Monday, January 12th. Finally, Wells Fargo & Company upped their price target on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.00.

Xenia Hotels & Resorts Trading Down 0.3%

The business’s fifty day moving average price is $14.77 and its 200 day moving average price is $13.98. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 28.44 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.51 and a quick ratio of 2.51.

Institutional Trading of Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XHR. Vanguard Group Inc. raised its holdings in Xenia Hotels & Resorts by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,267,751 shares of the real estate investment trust’s stock worth $236,914,000 after purchasing an additional 555,195 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Xenia Hotels & Resorts by 3.1% during the third quarter. Wellington Management Group LLP now owns 9,044,142 shares of the real estate investment trust’s stock worth $124,086,000 after buying an additional 273,876 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Xenia Hotels & Resorts by 30.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,360 shares of the real estate investment trust’s stock worth $37,104,000 after buying an additional 633,820 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Xenia Hotels & Resorts by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 2,276,448 shares of the real estate investment trust’s stock worth $31,233,000 after buying an additional 79,685 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Xenia Hotels & Resorts by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,374,459 shares of the real estate investment trust’s stock valued at $18,859,000 after buying an additional 32,635 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 is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.