Xenia Hotels & Resorts falls after BMO cuts to 'market perform'

Xenia Hotels & Resorts

01/09/2026 11:42

** Shares of luxury lodging REIT Xenia Hotels & Resorts XHR.N down nearly 2% at $18.44 premarket
** BMO downgrades rating to "market perform" from "outperform"; cuts price target to $20.50 from $22
** New PT still shows an upside of 9.3% from stock's last close
     ** Brokerage says co's higher expenses remain a headwind, reducing the flow-through from stronger RevPAR growth
** XHR's margins are expected to fall about ~35 basis points in 2027- BMO
** Three of six brokerages rate the stock "buy" or higher, three "hold"; their median PT is $21- data compiled by LSEG
** As of last close, stock had risen 32.6% YTD

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))