Jupiter Topco LLC purchased a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 182,562 shares of the real estate investment trust’s stock, valued at approximately $3,717,000. Jupiter Topco LLC owned about 0.20% of Xenia Hotels & Resorts at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XHR. Global Retirement Partners LLC purchased a new position in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $26,000. Transamerica Financial Advisors LLC raised its holdings in shares of Xenia Hotels & Resorts by 459.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,948 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,600 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Xenia Hotels & Resorts in the fourth quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Xenia Hotels & Resorts in the second quarter worth approximately $34,000. Finally, Allworth Financial LP bought a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $37,000. 92.43% of the stock is owned by hedge funds and other institutional investors.
Xenia Hotels & Resorts Stock Down 2.6%
Shares of NYSE:XHR opened at $18.27 on Wednesday. The business’s 50 day moving average is $20.08 and its 200 day moving average is $17.65. The stock has a market cap of $1.69 billion, a P/E ratio of -260.96 and a beta of 1.15. Xenia Hotels & Resorts, Inc. has a 52-week low of $11.75 and a 52-week high of $22.06. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.17.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Wells Fargo & Company upped their price objective on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings downgraded Xenia Hotels & Resorts from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. KeyCorp boosted their target price on shares of Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Finally, BMO Capital Markets cut shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $22.00 to $20.50 in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.12.
Get Our Latest Research Report on Xenia Hotels & Resorts
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.
Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.
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