Xenia Hotels & Resorts (NYSE:XHR) Sets New 12-Month High – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a report on Monday, December 29th. Wells Fargo & Company raised their price target on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Robert W. Baird set a $17.00 price objective on shares of Xenia Hotels & Resorts in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Xenia Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $14.00.

Xenia Hotels & Resorts Stock Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 2.51 and a quick ratio of 2.51. The stock has a 50-day simple moving average of $14.85 and a 200-day simple moving average of $14.01. The stock has a market cap of $1.49 billion, a P/E ratio of 28.12 and a beta of 1.23.

Institutional Trading of Xenia Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC grew its stake in shares of Xenia Hotels & Resorts by 459.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,948 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,600 shares during the last quarter. MAI Capital Management grew its position in Xenia Hotels & Resorts by 475.6% during the 3rd quarter. MAI Capital Management now owns 2,026 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,674 shares during the last quarter. Salomon & Ludwin LLC grew its position in Xenia Hotels & Resorts by 114.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,085 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,111 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Xenia Hotels & Resorts in the 4th quarter worth about $33,000. Finally, Harbor Capital Advisors Inc. raised its position in Xenia Hotels & Resorts by 152.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,017 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,821 shares during the last quarter. 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.