16,347 Shares in Xenia Hotels & Resorts, Inc. (NYSE:XHR) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 16,347 shares of the real estate investment trust’s stock, valued at approximately $234,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Diversified Trust Co raised its holdings in shares of Xenia Hotels & Resorts by 5.9% in the 2nd quarter. Diversified Trust Co now owns 32,173 shares of the real estate investment trust’s stock valued at $461,000 after purchasing an additional 1,780 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Xenia Hotels & Resorts by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 85,665 shares of the real estate investment trust’s stock valued at $1,286,000 after buying an additional 2,888 shares during the period. Quadrature Capital Ltd bought a new stake in Xenia Hotels & Resorts in the first quarter valued at approximately $216,000. EntryPoint Capital LLC acquired a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at approximately $135,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Xenia Hotels & Resorts by 6.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 230,990 shares of the real estate investment trust’s stock worth $3,466,000 after acquiring an additional 13,996 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

Analysts Set New Price Targets

XHR has been the topic of a number of research analyst reports. B. Riley dropped their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and an average target price of $15.40.

Xenia Hotels & Resorts Stock Performance

XHR opened at $13.73 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 2.26. The business has a fifty day simple moving average of $13.80 and a 200 day simple moving average of $14.25. Xenia Hotels & Resorts, Inc. has a 1 year low of $10.92 and a 1 year high of $15.84. The company has a market capitalization of $1.40 billion, a PE ratio of 72.24 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The business had revenue of $272.90 million during the quarter, compared to the consensus estimate of $275.66 million. During the same period in the previous year, the firm posted $0.47 EPS. The company’s revenue was up .7% compared to the same quarter last year. Research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.55 EPS for the current year.

Xenia Hotels & Resorts Company Profile

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 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.