Nisa Investment Advisors LLC reduces its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

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Nisa Investment Advisors LLC reduced its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 9.7% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The company held 53,217 shares of the real estate investment trust after selling 5,728 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Xenia Hotels & Resorts were worth $1,027,000 at the end of the last reporting period.

Other big investors have also been buying and selling shares of the company recently. Zurcher Kantonalbank Zurcher Kantonalbank increased its stake in Xenia Hotels & Resorts by 17.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,224 shares of the real estate investment trust worth $737,000 after acquiring an additional 5,635 shares during the period. Citigroup Inc. increased its stake in Xenia Hotels & Resorts by 6.2% in the fourth quarter. Citigroup Inc. now owns 166,197 shares of the real estate investment trust worth $3,010,000 after acquiring an additional 9,663 shares during the period. Inspire Investing LLC acquired a new position in Xenia Hotels & Resorts in the first quarter worth approximately $235,000. ProShare Advisors LLC increased its holdings in Xenia Hotels & Resorts by 62.1% in the fourth quarter. ProShare Advisors LLC now owns 28,496 shares of the real estate investment trust valued at $516,000 after acquiring an additional 10,914 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Xenia Hotels & Resorts by 22.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,578,685 shares of the real estate investment trust valued at $28,589,000 after acquiring an additional 293,039 shares during the period. 85.53% of the shares are held by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock down 2.1%

Shares of XHR opened at $15.53 on Friday. The company has a debt ratio of 0.99, a quick ratio of 2.75 and a current ratio of 2.75. Xenia Hotels & Resorts, Inc. has a one-year minimum of $13.18 and a one-year maximum of $20.41. The stock has a market capitalization of $1.78 billion, a price-earnings ratio of -19.17 and a beta of 1.48. The stock has a 50-day moving average price of $16.25 and a 200-day moving average price of $17.71.

Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last released its quarterly results on Tuesday, May 3. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.16 per ($0.21). Xenia Hotels & Resorts recorded a negative return on equity of 6.37% and a negative net margin of 12.52%. The company posted revenue of $210.35 million for the quarter, compared to $196.58 million expected by analysts. During the same quarter of the previous year, the firm had posted ($0.18) earnings per share. The company’s revenue for the quarter increased by 139.3% compared to the same quarter last year. Equity research analysts expect Xenia Hotels & Resorts, Inc. to post earnings per share of 1.35 for the current fiscal year.

Analyst upgrades and downgrades

A number of brokerages have published reports on XHR. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a Friday, April 29 report. KeyCorp reduced its target price on Xenia Hotels & Resorts from $21.00 to $17.00 and set an “overweight” rating for the company in a Tuesday, June 28 research note. B. Riley upgraded Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a target price of $22.00 for the company in a Tuesday, May 10 research note. Finally, Oppenheimer began covering Xenia Hotels & Resorts in a research note on Thursday, April 21. They set a “market performance” rating and a target price of $20.00 for the business. One equity research analyst has assigned the stock a sell rating, one has assigned a hold rating and five has assigned the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.40.

Insider buying and selling

In related news, insider Barry AN Bloom sold 25,000 shares of the company in a trade that took place on Tuesday, June 7. The stock was sold at an average price of $19.09, for a total transaction of $477,250.00. Following the completion of the sale, the insider now directly owns 217,741 shares of the company, valued at $4,156,675.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. 2.40% of the shares are held by insiders of the company.

Xenia Hotels & Resorts Company Profile

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Xenia Hotels & Resorts, Inc is a self-administered, self-administered REIT that invests in uniquely positioned luxury and upscale hotels and resorts, focusing on the top 25 lodging markets in the United States as well as major leisure destinations in the United States. The Company owns 37 hotels with 10,749 rooms in 16 states.

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Want to see which other hedge funds hold XHR? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating).

Institutional ownership by quarter for Xenia Hotels & Resorts (NYSE:XHR)



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