BNP PARIBAS ASSET MANAGEMENT Holding S.A. Trims Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 13.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,327 shares of the real estate investment trust’s stock after selling 1,830 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Xenia Hotels & Resorts were worth $162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XHR. Wellington Management Group LLP boosted its stake in shares of Xenia Hotels & Resorts by 2.8% during the 4th quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock worth $138,067,000 after purchasing an additional 278,686 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Xenia Hotels & Resorts by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,256,192 shares of the real estate investment trust’s stock valued at $30,729,000 after buying an additional 60,748 shares during the period. Norges Bank acquired a new stake in Xenia Hotels & Resorts during the fourth quarter worth approximately $9,787,000. Panagora Asset Management Inc. grew its stake in Xenia Hotels & Resorts by 27.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock worth $9,689,000 after acquiring an additional 145,527 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new position in Xenia Hotels & Resorts in the 4th quarter valued at $3,405,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.40.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock opened at $14.00 on Wednesday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 73.69 and a beta of 1.51. The company has a 50 day moving average price of $13.78 and a 200 day moving average price of $14.28. Xenia Hotels & Resorts, Inc. has a one year low of $10.92 and a one year high of $15.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.26 and a current ratio of 2.26.

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

About Xenia Hotels & Resorts

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.