Ieq Capital LLC purchased a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,879 shares of the real estate investment trust’s stock, valued at approximately $853,000.
Several other hedge funds have also recently made changes to their positions in XHR. Global Retirement Partners LLC bought a new position in Xenia Hotels & Resorts during the second quarter valued at approximately $26,000. Transamerica Financial Advisors LLC grew its position in Xenia Hotels & Resorts by 459.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,948 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,600 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Xenia Hotels & Resorts during the 4th quarter valued at $33,000. Allworth Financial LP purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at $37,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at $55,000. 92.43% of the stock is owned by hedge funds and other institutional investors.
Xenia Hotels & Resorts Trading Up 0.1%
Shares of Xenia Hotels & Resorts stock opened at $19.32 on Friday. The company’s fifty day simple moving average is $20.16 and its 200-day simple moving average is $17.59. The stock has a market capitalization of $1.78 billion, a PE ratio of -276.02 and a beta of 1.15. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.75 and a 1-year high of $22.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.47 and a quick ratio of 2.47.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on XHR. BMO Capital Markets restated an “outperform” rating and issued a $21.00 price target on shares of Xenia Hotels & Resorts in a research note on Friday, June 12th. Weiss Ratings cut Xenia Hotels & Resorts from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. Wells Fargo & Company increased their target price on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, KeyCorp boosted their price target on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.25.
Xenia Hotels & Resorts Profile
Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.
Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.
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