Shell Asset Management Co. Reduces Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. abrdn plc grew its stake in Xenia Hotels & Resorts by 3.2% during the 1st quarter. abrdn plc now owns 25,280 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 794 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Xenia Hotels & Resorts by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 16,457 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 854 shares during the last quarter. SG Americas Securities LLC grew its stake in Xenia Hotels & Resorts by 354.3% during the 1st quarter. SG Americas Securities LLC now owns 94,532 shares of the real estate investment trust’s stock worth $1,824,000 after buying an additional 73,723 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Xenia Hotels & Resorts by 3.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 34,004 shares of the real estate investment trust’s stock worth $656,000 after buying an additional 1,045 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of Xenia Hotels & Resorts by 15.7% in the 1st quarter. Comerica Bank now owns 98,054 shares of the real estate investment trust’s stock valued at $1,938,000 after purchasing an additional 13,282 shares during the last quarter. 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 Xenia Hotels & Resorts stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $19.09, for a total transaction of $477,250.00. Following the completion of the transaction, the insider now directly owns 217,741 shares of the company’s stock, valued at $4,156,675.69. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XHR. B. Riley upgraded Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, May 10th. Oppenheimer began coverage on Xenia Hotels & Resorts in a research note on Thursday, April 21st. They issued a “market perform” rating and a $20.00 target price on the stock. KeyCorp lowered their target price on Xenia Hotels & Resorts from $21.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.40.

Xenia Hotels & Resorts Stock Down 0.4 %

XHR opened at $16.36 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.75 and a quick ratio of 2.75. The business has a 50 day simple moving average of $16.00 and a 200-day simple moving average of $17.62. The stock has a market capitalization of $1.87 billion, a P/E 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.

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

About Xenia Hotels & Resorts

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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.

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Institutional Ownership by Quarter for Xenia Hotels & Resorts (NYSE:XHR)

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