FBR Capital Initiates “Hold” Rating for Xenia Hotels & Resorts (NYSE:XHR) With a $23.0 Price Target

January 13, 2018 - By Michael Collier

 FBR Capital Initiates

Why Has FBR Capital Given Xenia Hotels & Resorts (NYSE:XHR) a $23.0 Price Target

FBR Capital has begun its coverage for Xenia Hotels & Resorts (NYSE:XHR), this morning Friday, 27 October. The financial firm found the stock of XHR quite attractive and now has a price target of $23.0 with a key “Hold” rating.

Xenia Hotels & Resorts, Inc. (NYSE:XHR) Ratings Coverage

Among 7 analysts covering Xenia Hotels & Resorts (NYSE:XHR), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Xenia Hotels & Resorts has $23.0 highest and $17 lowest target. $21.17’s average target is -3.51% below currents $21.94 stock price. Xenia Hotels & Resorts had 13 analyst reports since September 1, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, September 1 by Zacks. Wells Fargo maintained Xenia Hotels & Resorts, Inc. (NYSE:XHR) rating on Friday, October 6. Wells Fargo has “Outperform” rating and $20 target. The firm has “Market Perform” rating given on Tuesday, December 13 by Wells Fargo. Morgan Stanley downgraded it to “Equal-Weight” rating and $17 target in Thursday, March 17 report. The stock of Xenia Hotels & Resorts, Inc. (NYSE:XHR) has “Market Perform” rating given on Tuesday, July 26 by Raymond James. The rating was initiated by Wells Fargo on Monday, May 2 with “Outperform”. The stock of Xenia Hotels & Resorts, Inc. (NYSE:XHR) earned “Overweight” rating by Morgan Stanley on Tuesday, October 13. The stock of Xenia Hotels & Resorts, Inc. (NYSE:XHR) earned “Hold” rating by FBR Capital on Friday, October 27. The firm has “Buy” rating given on Wednesday, December 14 by Instinet. The firm has “Mkt Outperform” rating given on Wednesday, November 18 by JMP Securities.

The stock increased 0.14% or $0.03 during the last trading session, reaching $21.94. About 306,598 shares traded. Xenia Hotels & Resorts, Inc. (NYSE:XHR) has risen 19.57% since January 13, 2017 and is uptrending. It has outperformed by 2.87% the S&P500.

Analysts await Xenia Hotels & Resorts, Inc. (NYSE:XHR) to report earnings on February, 27. They expect $0.45 EPS, down 18.18 % or $0.10 from last year’s $0.55 per share. XHR’s profit will be $48.04 million for 12.19 P/E if the $0.45 EPS becomes a reality. After $0.50 actual EPS reported by Xenia Hotels & Resorts, Inc. for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

Xenia Hotels & Resorts, Inc. operates as a self-advised and self-administered real estate investment trust that invests primarily in full service, lifestyle, and urban upscale hotels in the United States. The company has market cap of $2.34 billion. As of October 4, 2017, it owned 39 hotels comprising 11,533 rooms across 18 states and the District of Columbia. It has a 17.1 P/E ratio. The firm has elected to be taxed as a REIT and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

More notable recent Xenia Hotels & Resorts, Inc. (NYSE:XHR) news were published by: Nasdaq.com which released: “Xenia Hotels & Resorts, Inc. (XHR) Ex-Dividend Date Scheduled for December 28 …” on December 27, 2017, also Prnewswire.com with their article: “Xenia Hotels & Resorts Announces Appointment Of Marcel Verbaas To Additional …” published on November 03, 2017, Prnewswire.com published: “Xenia Hotels & Resorts Acquires Hyatt Regency Scottsdale Resort & Spa at …” on October 04, 2017. More interesting news about Xenia Hotels & Resorts, Inc. (NYSE:XHR) were released by: Prnewswire.com and their article: “Xenia Hotels & Resorts And Summit Hotel Properties Announce Agreement On $163 …” published on June 05, 2017 as well as Prnewswire.com‘s news article titled: “Xenia Hotels & Resorts Acquires Hyatt Regency Grand Cypress In Orlando For …” with publication date: May 30, 2017.

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