Shell Asset Management Co. Lowers Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Shell Asset Management Co. lowered its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,243 shares of the real estate investment trust’s stock after selling 4,919 shares during the period. Shell Asset Management Co.’s holdings in Xenia Hotels & Resorts were worth $641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allegheny Financial Group LTD purchased a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at $58,000. CWM LLC purchased a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at $85,000. Schroder Investment Management Group grew its position 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’s stock valued at $135,000 after acquiring an additional 1,788 shares during the period. Van ECK Associates Corp grew its position in Xenia Hotels & Resorts by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 8,869 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 3,556 shares during the period. Finally, Inspire Investing LLC purchased a new stake in Xenia Hotels & Resorts during the first quarter valued at about $235,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, insider Barry A. N. Bloom sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was 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 in the company, valued at $4,156,675.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

XHR has been the subject of a number of research reports. KeyCorp lowered their price target on Xenia Hotels & Resorts from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th. Oppenheimer initiated coverage on Xenia Hotels & Resorts in a research report on Thursday, April 21st. They set a “market perform” rating and a $20.00 price target for the company. B. Riley raised Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, May 10th. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $20.40.

Xenia Hotels & Resorts Trading Down 0.4 %

Shares of XHR opened at $16.36 on Tuesday. The stock’s 50-day moving average is $16.00 and its two-hundred day moving average is $17.62. The stock has a market cap of $1.87 billion, a PE ratio of -20.20 and a beta of 1.48. Xenia Hotels & Resorts, Inc. has a 12 month low of $13.18 and a 12 month high of $20.41. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.75 and a quick ratio of 2.75.

Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.21). Xenia Hotels & Resorts had a negative return on equity of 6.37% and a negative net margin of 12.52%. The business had revenue of $210.35 million during the quarter, compared to analyst estimates of $196.58 million. During the same quarter last year, the firm posted ($0.18) EPS. The company’s revenue was up 139.3% compared to the same quarter last year. Equities analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.35 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Company Profile

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