Bank of America just raised its EUR/USD forecast
Xenia Hotels & Resorts Inc. stock has hit a sobering milestone, touching a 52-week low of $9.39 USD. This latest price level reflects a significant downturn for the hospitality company, which has seen its stock value erode by 41.35% over the past year. The decline underscores the challenges faced by the hotel industry, which has been grappling with the lingering effects of the pandemic, changes in travel patterns, and economic headwinds. According to InvestingPro analysis, the stock appears to be in oversold territory, with management actively buying back shares. Investors are closely monitoring the company's performance for signs of a turnaround as Xenia Hotels & Resorts navigates through these turbulent times.
In other recent news, Xenia Hotels & Resorts reported a net loss of $638,000 for the fourth quarter of 2024, falling short of analysts' earnings expectations. The company achieved an adjusted funds from operations (FFO) per share of $0.39, while revenue was slightly below forecasts at $261.85 million. Despite these challenges, Xenia's full-year net income reached $16.1 million, with a Same Property Revenue Per Available Room (RevPAR) increase of 1.6% over the year. Jefferies analyst firm adjusted its outlook on Xenia Hotels & Resorts, reducing the price target to $18 from $20 and maintaining a Reduce rating, citing macroeconomic concerns affecting the leisure travel sector. The firm acknowledged the company's conservative guidance and strategic response to the current economic landscape. Looking forward, Xenia projects a Same Property RevPAR growth of 3.5% to 6.5% for 2025, with the Grand Hyatt Scottsdale renovation expected to contribute significantly to earnings. The company anticipates a 7% increase in Adjusted EBITDAre and a 3.5% rise in adjusted FFO per share for the upcoming year. These developments reflect Xenia's strategic positioning amid ongoing economic uncertainties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.