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On Wednesday, Jefferies analyst firm adjusted its outlook on Xenia Hotels & Resorts shares, reducing the price target to $18 from the previous $20 while maintaining a Reduce rating on the stock. The firm’s assessment acknowledges the current economic environment and its impact on the leisure travel sector, which has influenced the company’s conservative guidance despite some positive factors.
Xenia Hotels & Resorts, which trades on the New York Stock Exchange under the ticker (NYSE:XHR), has been navigating through a year with limited disruptions in its portfolio. The company benefits from a tailwind in Scottsdale, a key location in its collection of properties. However, the updated guidance from the company suggests a cautious stance due to broader macroeconomic concerns.
In his commentary, the Jefferies analyst noted that the company’s conservative outlook is not indicative of a long-term shift in the return on investment for its projects. Instead, it reflects a strategic response to the current economic landscape and its effect on leisure travel. Despite the near-term challenges, the analyst reiterated confidence in Xenia Hotels & Resorts’ strategic approach to capital allocation and its potential for long-term growth.
The firm’s Reduce rating remains in place, suggesting that the analysts at Jefferies believe the stock might not perform as well as other securities in the same sector. The price target adjustment to $18 reflects a more measured expectation of the company’s stock performance in the near future.
Xenia Hotels & Resorts is known for its portfolio of luxury hotels and resorts across the United States. The company’s focus on high-quality properties and strategic investments has been a cornerstone of its long-term growth strategy, as recognized by the Jefferies analyst in their comments.
In other recent news, Xenia Hotels & Resorts Inc . reported a net loss of $638,000 for the fourth quarter of 2024, falling short of analysts’ earnings expectations. The company’s revenue for the quarter was $261.85 million, slightly below the forecast of $263.42 million. Despite these results, Xenia’s full-year net income reached $16.1 million, demonstrating some operational resilience. The company has projected Same Property RevPAR growth of 3.5% to 6.5% for 2025, with significant contributions expected from the renovated Grand Hyatt Scottsdale. Analyst firms have not provided any recent upgrades or downgrades for Xenia Hotels. The company has also completed a substantial renovation of its Grand Hyatt Scottsdale property, which is anticipated to drive future earnings growth. Xenia’s management expressed confidence in its strategic positioning, citing strong group booking pace and capital improvements as key factors for future growth. These developments come amid broader challenges in the hospitality sector, including rising operational costs and competitive pressures.
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