Summit Securities Group LLC purchased a new stake in Xenia Hotels & Resorts Inc (NYSE:XHR) during the first quarter, HoldingsChannel.com reports. The firm purchased 30,189 shares of the real estate investment trust’s stock, valued at approximately $661,000.
Several other large investors have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors Inc. purchased a new position in Xenia Hotels & Resorts during the 1st quarter worth approximately $623,000. Pinnacle Wealth Planning Services Inc. raised its position in Xenia Hotels & Resorts by 27.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 28,260 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 6,075 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Xenia Hotels & Resorts by 6.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 114,113 shares of the real estate investment trust’s stock worth $2,496,000 after buying an additional 6,921 shares during the last quarter. LSV Asset Management raised its position in Xenia Hotels & Resorts by 1.4% during the 1st quarter. LSV Asset Management now owns 4,842,295 shares of the real estate investment trust’s stock worth $106,094,000 after buying an additional 64,718 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new position in Xenia Hotels & Resorts during the 1st quarter worth approximately $793,000. Institutional investors and hedge funds own 85.83% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. B. Riley set a $24.00 price target on shares of Xenia Hotels & Resorts and gave the stock a “hold” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.50.
Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $293.69 million for the quarter, compared to analysts’ expectations of $276.03 million. Xenia Hotels & Resorts had a net margin of 14.23% and a return on equity of 8.48%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. Analysts anticipate that Xenia Hotels & Resorts Inc will post 2.04 earnings per share for the current fiscal year.
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Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily 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 40 hotels comprising 11,167 rooms across 17 states.
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