Inspire Investing LLC buys new shares in Xenia Hotels & Resorts, Inc. (NYSE:XHR)


Inspire Investing LLC has acquired a new stake in the shares of Xenia Hotels & Resorts, Inc. (NYSE: XHRGet a rating) in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund acquired 12,168 shares of the real estate investment trust, valued at approximately $235,000.

Other hedge funds also bought and sold shares of the company. Allegheny Financial Group LTD acquired a new stake in Xenia Hotels & Resorts during the fourth quarter valued at $58,000. CWM LLC purchased a new position in Xenia Hotels & Resorts during the fourth quarter worth approximately $85,000. Schroder Investment Management Group increased its stake in Xenia Hotels & Resorts by 31.6% during the fourth quarter. Schroder Investment Management Group now owns 7,450 shares of the real estate investment trust worth $135,000 after buying 1,788 additional shares in the last quarter. Van ECK Associates Corp increased its position in Xenia Hotels & Resorts by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 8,869 shares of the REIT valued at $161,000 after buying 3,556 additional shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Xenia Hotels & Resorts during the fourth quarter worth approximately $214,000. Hedge funds and other institutional investors hold 85.53% of the company’s shares.

In other news, Insider Barry AN Bloom sold 25,000 shares of the company in a trade on Tuesday, June 7. The shares were sold at an average price of $19.09, for a total value of $477,250.00. Following the transaction, the insider now owns 217,741 shares of the company, valued at approximately $4,156,675.69. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Insiders of the company own 2.40% of the shares of the company.

XHR Stock opened at $14.58 on Friday. Xenia Hotels & Resorts, Inc. has a 12-month low of $13.18 and a 12-month high of $20.41. The company’s 50-day simple moving average is $16.88 and its 200-day simple moving average is $17.92. The company has a market capitalization of $1.67 billion, a PE ratio of -18.00 and a beta of 1.48. The company has a debt ratio of 0.99, a current ratio of 2.75 and a quick ratio of 2.75.

Xenia Hotels & Resorts (NYSE: XHRGet a rating) last announced its quarterly results on Tuesday, May 3. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analyst consensus estimates of $0.16 per ($0.21). The company posted revenue of $210.35 million in the quarter, compared to analyst estimates of $196.58 million. Xenia Hotels & Resorts recorded a negative net margin of 12.52% and a negative return on equity of 6.37%. The company’s revenue for the quarter increased by 139.3% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of ($0.18). As a group, sell-side analysts expect Xenia Hotels & Resorts, Inc. to post earnings per share of 1.35 for the current year.

Several brokerages have recently published reports on XHR. StockNews.com upgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a Friday, April 29 research note. Oppenheimer launched coverage on Xenia Hotels & Resorts in a research note on Thursday, April 21. They set a “market performance” rating and a price target of $20.00 for the company. KeyCorp reduced its price target on Xenia Hotels & Resorts from $21.00 to $17.00 and set an “overweight” rating for the company in a Tuesday, June 28 research note. Finally, B. Riley upgraded Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a price target of $22.00 on the stock in a Tuesday, May 10 report. One research analyst rated the stock with a sell rating, one gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, Xenia Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $20.40.

Xenia Hotels & Resorts Profile (Get a rating)

Xenia Hotels & Resorts, Inc is a self-administered, self-administered REIT that invests in uniquely positioned luxury and upscale hotels and resorts, focusing on the top 25 lodging markets in the United States as well as major leisure destinations in the United States. The Company owns 37 hotels with 10,749 rooms in 16 states.

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Want to see which other hedge funds hold XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Xenia Hotels & Resorts, Inc. (NYSE: XHRGet a rating).

Institutional ownership by quarter for Xenia Hotels & Resorts (NYSE:XHR)



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