Eqis Capital Management Inc. Buys New Stake in Xenia Hotels & Resorts Inc (NYSE:XHR)

Eqis Capital Management Inc. purchased a new position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,641 shares of the real estate investment trust’s stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds have also bought and sold shares of XHR. Deutsche Bank AG raised its holdings in shares of Xenia Hotels & Resorts by 108.1% during the 4th quarter. Deutsche Bank AG now owns 276,124 shares of the real estate investment trust’s stock worth $5,959,000 after buying an additional 143,427 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Xenia Hotels & Resorts by 5.0% during the 4th quarter. Guggenheim Capital LLC now owns 92,410 shares of the real estate investment trust’s stock worth $1,996,000 after buying an additional 4,394 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth $323,000. MetLife Investment Advisors LLC acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth $1,091,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth $258,000. Hedge funds and other institutional investors own 76.38% of the company’s stock.

XHR has been the subject of a number of recent research reports. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b” rating in a report on Friday, May 4th. Zacks Investment Research cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a report on Thursday, May 10th. Jefferies Financial Group initiated coverage on Xenia Hotels & Resorts in a report on Thursday, May 31st. They issued a “buy” rating and a $29.00 target price for the company. Robert W. Baird initiated coverage on Xenia Hotels & Resorts in a report on Thursday, May 31st. They issued an “outperform” rating and a $27.00 target price for the company. Finally, B. Riley cut Xenia Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $24.00 in a report on Friday, June 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.29.

Shares of NYSE XHR traded down $0.15 during trading on Friday, reaching $24.26. The company had a trading volume of 339,000 shares, compared to its average volume of 543,204. Xenia Hotels & Resorts Inc has a 12 month low of $19.08 and a 12 month high of $25.90. The firm has a market capitalization of $2.72 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.62.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.37). Xenia Hotels & Resorts had a net margin of 10.33% and a return on equity of 6.23%. The company had revenue of $277.10 million during the quarter, compared to the consensus estimate of $272.14 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. analysts forecast that Xenia Hotels & Resorts Inc will post 2.1 earnings per share for the current fiscal year.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.

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Institutional Ownership by Quarter for Xenia Hotels & Resorts (NYSE:XHR)

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