Summit Global Investments Takes Position in Xenia Hotels & Resorts, Inc. $XHR

Summit Global Investments bought a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,788 shares of the real estate investment trust’s stock, valued at approximately $1,034,000. Summit Global Investments owned approximately 0.06% of Xenia Hotels & Resorts as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Transamerica Financial Advisors LLC lifted its stake 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 valued at $28,000 after buying an additional 1,600 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Xenia Hotels & Resorts during the 4th quarter worth approximately $33,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $55,000. Hantz Financial Services Inc. raised its holdings in shares of Xenia Hotels & Resorts by 42.4% during the fourth quarter. Hantz Financial Services Inc. now owns 5,730 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 1,707 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its holdings in shares of Xenia Hotels & Resorts by 22.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,592 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,387 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Up 0.5%

XHR stock opened at $19.14 on Friday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -273.38 and a beta of 1.15. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.17. Xenia Hotels & Resorts, Inc. has a 12 month low of $11.75 and a 12 month high of $22.06. The firm has a 50-day moving average of $20.11 and a two-hundred day moving average of $17.29.

Analyst Ratings Changes

A number of analysts have recently issued reports on XHR shares. Wells Fargo & Company lifted their price target on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $21.00 price objective on shares of Xenia Hotels & Resorts in a research note on Friday, June 12th. KeyCorp raised their price objective on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Finally, Weiss Ratings cut shares of Xenia Hotels & Resorts from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $20.25.

Xenia Hotels & Resorts Company 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.