Jefferies upgraded Xenia Hotels to Buy from Hold with a price target of $18, up from $14. The analyst believes the company’s recent renovations will “bear outsized” EBITDA upside upon stabilization, which is not fully reflected in consensus or rhea stock’s valuation. The output of falling leverage and capital returns will drive a 20% increase in 2024 dividends, which should progress higher going forward, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on XHR:
- Xenia Hotels & Resorts Updates Investor Relations Site
- Xenia Hotels & Resorts Reports Fourth Quarter And Full Year 2023 Results
- Xenia Hotels reports Q4 AFFO 41c, consensus 37c
- XHR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Wolfe starts Xenia Hotels at Peer Perform, sees concerns around supply
