Xenia Hotels & Resorts Inc (XHR) Shares Sold by MERIAN GLOBAL INVESTORS UK Ltd

MERIAN GLOBAL INVESTORS UK Ltd lessened its stake in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 27.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,740 shares of the real estate investment trust’s stock after selling 38,848 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Xenia Hotels & Resorts were worth $2,251,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Independent Advisor Alliance boosted its position in shares of Xenia Hotels & Resorts by 5.4% during the 1st quarter. Independent Advisor Alliance now owns 15,246 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 784 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter worth about $514,000. New York State Teachers Retirement System bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter worth about $1,003,000. Raymond James & Associates boosted its position in shares of Xenia Hotels & Resorts by 13.4% during the 1st quarter. Raymond James & Associates now owns 34,242 shares of the real estate investment trust’s stock worth $750,000 after purchasing an additional 4,057 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Xenia Hotels & Resorts by 5.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,128 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 923 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

XHR opened at $22.16 on Monday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.63. Xenia Hotels & Resorts Inc has a fifty-two week low of $16.47 and a fifty-two week high of $25.90. The stock has a market capitalization of $2.50 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 2.19 and a beta of 1.12.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. Xenia Hotels & Resorts had a net margin of 14.23% and a return on equity of 8.48%. The company had revenue of $293.69 million for the quarter, compared to analyst estimates of $276.03 million. During the same quarter in the prior year, the business posted $0.53 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that Xenia Hotels & Resorts Inc will post 2.02 EPS for the current fiscal year.

XHR has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, February 16th. B. Riley set a $24.00 price objective on shares of Xenia Hotels & Resorts and gave the stock a “hold” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.50.

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

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