C3is Inc. closes $2 million registered direct offering
Investing.com - BMO Capital raised its price target on Xenia Hotels & Resorts (NYSE:XHR) to $16.00 from $15.00 on Tuesday, while maintaining an Outperform rating on the hotel real estate investment trust.
The price target adjustment follows investor meetings with Xenia’s CEO Marcel Verbaas and CFO Atish Shah, where BMO Capital noted that near-term trends remain uneven with summer leisure demand showing some slowdown.
BMO Capital highlighted that Scottsdale’s post-renovation performance is driving sector-leading growth for Xenia, while strong group booking pace provides visibility for future performance.
The investment firm expressed continued confidence in Xenia’s high-quality portfolio, which includes 33% luxury properties and Sunbelt-oriented locations, along with reasonable leverage at 4.9x and no significant near-term debt maturities.
BMO Capital also noted that Xenia’s ongoing share repurchase program, which has bought back 5.6% of shares outstanding year-to-date, provides additional support for the stock.
In other recent news, Xenia Hotels & Resorts Inc reported its second-quarter 2025 earnings, significantly surpassing analyst expectations. The company achieved an earnings per share of $0.56, which was well above the forecasted $0.30. This represents an 86.67% earnings surprise for the quarter. Additionally, Xenia Hotels reported actual revenue of $287.58 million, exceeding the expected $273.35 million by 5.21%. These results highlight a strong performance for the company in the quarter. The earnings announcement led to positive investor sentiment. Analysts had anticipated lower figures, making the results noteworthy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.