ClariVest Asset Management LLC Sells 4,800 Shares of Xenia Hotels & Resorts (XHR)

ClariVest Asset Management LLC lessened its stake in shares of Xenia Hotels & Resorts (NYSE:XHR) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,800 shares of the real estate investment trust’s stock after selling 4,800 shares during the quarter. ClariVest Asset Management LLC owned 0.32% of Xenia Hotels & Resorts worth $6,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cbre Clarion Securities LLC acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth about $22,003,000. Two Sigma Securities LLC acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth about $236,000. Swiss National Bank lifted its stake in shares of Xenia Hotels & Resorts by 2.8% during the fourth quarter. Swiss National Bank now owns 181,780 shares of the real estate investment trust’s stock worth $3,925,000 after purchasing an additional 4,900 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Xenia Hotels & Resorts by 99.7% during the fourth quarter. Wells Fargo & Company MN now owns 603,218 shares of the real estate investment trust’s stock worth $13,024,000 after purchasing an additional 301,193 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Xenia Hotels & Resorts by 13.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 260,553 shares of the real estate investment trust’s stock worth $5,625,000 after purchasing an additional 31,569 shares in the last quarter. Institutional investors own 73.00% of the company’s stock.

A number of research analysts have commented on XHR shares. Morgan Stanley reduced their price objective on Xenia Hotels & Resorts from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. B. Riley raised Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, February 28th. Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, January 21st. ValuEngine lowered Xenia Hotels & Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b” rating in a research report on Friday, May 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Xenia Hotels & Resorts currently has an average rating of “Buy” and an average price target of $22.17.

Shares of Xenia Hotels & Resorts opened at $23.29 on Friday, according to Marketbeat.com. Xenia Hotels & Resorts has a 1 year low of $23.05 and a 1 year high of $23.28. The stock has a market cap of $2.45 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 2.23 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.60 and a current ratio of 4.60.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.37. Xenia Hotels & Resorts had a return on equity of 8.80% and a net margin of 14.77%. The business had revenue of $264.50 million for the quarter, compared to analyst estimates of $250.90 million. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. equities research analysts anticipate that Xenia Hotels & Resorts will post 2.06 earnings per share for the current year.

Xenia Hotels & Resorts Company Profile

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 39 hotels, including 37 wholly owned hotels, comprising 11,497 rooms, across 18 states and the District of Columbia.

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

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