Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,500 shares of the real estate investment trust’s stock after purchasing an additional 3,800 shares during the period. Ensign Peak Advisors Inc’s holdings in Xenia Hotels & Resorts were worth $1,492,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Xenia Hotels & Resorts by 3.5% during the first quarter. BlackRock Inc. now owns 22,287,168 shares of the real estate investment trust’s stock worth $434,600,000 after purchasing an additional 758,902 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Xenia Hotels & Resorts by 6.5% during the first quarter. JPMorgan Chase & Co. now owns 2,105,638 shares of the real estate investment trust’s stock worth $41,060,000 after purchasing an additional 127,774 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Xenia Hotels & Resorts by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,853,234 shares of the real estate investment trust’s stock worth $28,170,000 after purchasing an additional 14,552 shares in the last quarter. Norges Bank acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth $23,879,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Xenia Hotels & Resorts by 24.4% during the fourth quarter. Nuveen Asset Management LLC now owns 859,072 shares of the real estate investment trust’s stock worth $13,057,000 after purchasing an additional 168,614 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

In other news, insider Marcel Verbaas sold 33,686 shares of the company’s stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $19.07, for a total value of $642,392.02. Following the completion of the sale, the insider now directly owns 448,491 shares of the company’s stock, valued at $8,552,723.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Taylor C. Kessel sold 11,073 shares of the company’s stock in a transaction dated Thursday, May 27th. The shares were sold at an average price of $19.63, for a total transaction of $217,362.99. Following the completion of the sale, the insider now directly owns 62,311 shares of the company’s stock, valued at $1,223,164.93. The disclosure for this sale can be found here. Insiders sold 67,259 shares of company stock valued at $1,274,205 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Shares of XHR opened at $19.55 on Friday. Xenia Hotels & Resorts, Inc. has a 1-year low of $7.56 and a 1-year high of $21.40. The stock has a market capitalization of $2.22 billion, a PE ratio of -12.07 and a beta of 1.67. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average of $19.30.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Thursday, May 6th. The real estate investment trust reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.27). Xenia Hotels & Resorts had a negative net margin of 75.76% and a negative return on equity of 11.84%. The business had revenue of $87.90 million during the quarter, compared to analysts’ expectations of $80.35 million. During the same period in the previous year, the company posted $0.17 earnings per share. Xenia Hotels & Resorts’s quarterly revenue was down 59.2% on a year-over-year basis.

A number of equities analysts recently commented on XHR shares. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, May 21st. Morgan Stanley boosted their price target on shares of Xenia Hotels & Resorts from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, March 2nd. B. Riley boosted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, June 15th. Finally, BMO Capital Markets raised shares of Xenia Hotels & Resorts from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $22.00 to $23.00 in a research report on Tuesday, May 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

About Xenia Hotels & Resorts

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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