AlphaCrest Capital Management LLC Increases Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

AlphaCrest Capital Management LLC boosted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating) by 258.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,932 shares of the real estate investment trust’s stock after acquiring an additional 45,368 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $1,140,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of XHR. Allegheny Financial Group LTD purchased a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $58,000. CWM LLC purchased a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $85,000. Van ECK Associates Corp boosted its stake in shares of Xenia Hotels & Resorts by 66.9% in 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 purchasing an additional 3,556 shares during the period. Vident Investment Advisory LLC purchased a new position in shares of Xenia Hotels & Resorts in the third quarter valued at approximately $187,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Xenia Hotels & Resorts in the third quarter valued at approximately $204,000. 85.53% of the stock is owned by institutional investors and hedge funds.

XHR stock opened at $18.45 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.99. Xenia Hotels & Resorts, Inc. has a twelve month low of $15.15 and a twelve month high of $21.04. The company’s 50 day moving average is $18.87 and its two-hundred day moving average is $18.20. The stock has a market cap of $2.11 billion, a P/E ratio of -22.78 and a beta of 1.42.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last announced its earnings results on Tuesday, May 3rd. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.21). The business had revenue of $210.35 million during the quarter, compared to analyst estimates of $196.58 million. Xenia Hotels & Resorts had a negative net margin of 12.52% and a negative return on equity of 6.37%. The business’s revenue was up 139.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.18) earnings per share. On average, equities research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.2 earnings per share for the current year.

XHR has been the subject of a number of recent research reports. B. Riley upgraded shares of Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Tuesday. Zacks Investment Research downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. TheStreet upgraded shares of Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Thursday, March 3rd. Oppenheimer initiated coverage on shares of Xenia Hotels & Resorts in a research note on Thursday, April 21st. They issued a “market perform” rating and a $20.00 price target for the company. Finally, StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and an average target price of $21.67.

In other news, insider Barry A. N. Bloom sold 25,000 shares of Xenia Hotels & Resorts stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $19.10, for a total value of $477,500.00. Following the transaction, the insider now directly owns 267,741 shares of the company’s stock, valued at approximately $5,113,853.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

About Xenia Hotels & Resorts (Get Rating)

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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