Wells Fargo Sticks to Its Buy Rating for Xenia Hotels & Resorts (XHR)

In a report released today, Dori Kesten from Wells Fargo maintained a Buy rating on Xenia Hotels & Resorts (XHRResearch Report), with a price target of $20.00. The company’s shares closed last Friday at $16.48.

Kesten covers the Financial sector, focusing on stocks such as Ryman, Diamondrock, and Service Properties. According to TipRanks, Kesten has an average return of 10.7% and a 60.00% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xenia Hotels & Resorts with a $19.40 average price target.

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Based on Xenia Hotels & Resorts’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $283.45 million and a net profit of $27.65 million. In comparison, last year the company earned a revenue of $151.97 million and had a GAAP net loss of $42.04 million

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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.

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