Robert W. Baird analyst Michael Bellisario initiated coverage with a Buy rating on Xenia Hotels & Resorts (NASDAQ: XHR) today and set a price target of $27. The company’s shares closed yesterday at $25.17, close to its 52-week high of $25.42.
According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 14.9% and a 87.5% success rate. Bellisario covers the Financial sector, focusing on stocks such as Ashford Hospitality Prime, Lasalle Hotel Properties, and Hospitality Properties.
Xenia Hotels & Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $27.
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Xenia Hotels & Resorts’ market cap is currently $2.69B and has a P/E ratio of 18.37. The company has a Price to Book ratio of 1.63.
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Xenia Hotels & Resorts, Inc. is a real estate investment trust company, which engages in the investment in premium services, lifestyle, and urban upscale hotels. 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.
