Xenia Hotels & Resorts, Inc. (NYSE: XHR) sees sharp decline in short-term interest

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Xenia Hotels & Resorts, Inc. (NYSE: XHR) was the target of a sharp drop in short-term interest rates in December. As of December 15, there was short interest totaling 1,850,000 shares, a decrease of 20.3% from the total of 2,320,000 shares as of November 30. Based on an average trading volume of 609,400 shares, the day-to-coverage ratio is currently 3.0 days. Currently 1.6% of the company’s shares are sold short.

Separately, insider Joseph T. Johnson sold 3,070 shares of Xenia Hotels & Resorts in a trade on Friday, November 5. The shares were sold at an average price of $ 20.00, for a total trade of $ 61,400.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, insider Barry AN Bloom sold 50,000 shares of Xenia Hotels & Resorts in a trade on Wednesday, November 10. The stock was sold at an average price of $ 19.22, for a total trade of $ 961,000.00. Disclosure of this sale can be found here. Insiders own 2.40% of the company’s shares.

Several institutional investors have recently changed their positions in XHR. Strategic Blueprint LLC acquired a new stake in Xenia Hotels & Resorts in the second quarter for a value of approximately $ 51,000. AdvisorNet Financial Inc increased its position in Xenia Hotels & Resorts by 30.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,357 Real Estate Investment Trust shares valued at $ 60,000 after acquiring an additional 786 shares during the last quarter. Van ECK Associates Corp strengthened its position in Xenia Hotels & Resorts by 15.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,313 real estate investment trust shares valued at $ 94,000 after acquiring an additional 717 shares in the last quarter. Harvest Fund Management Co. Ltd strengthened its position in Xenia Hotels & Resorts by 81.0% in the 2nd quarter. Harvest Fund Management Co. Ltd. now owns 6,075 real estate investment trust shares valued at $ 112,000 after acquiring an additional 2,718 shares in the last quarter. Finally, PNC Financial Services Group Inc. strengthened its position in Xenia Hotels & Resorts by 8.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,857 real estate investment trust shares valued at $ 147,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds hold 85.21% of the company’s shares.

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NYSE: XHR shares traded up $ 0.44 during trading on Friday, reaching $ 18.36. 609,210 shares of the company were traded in the hands, compared to its average volume of 574,882. The stock has a market cap of $ 2.10 billion, a P / E ratio of -21.86 and a beta of 1.58. The company has a debt to equity ratio of 1.03, a current ratio of 6.42, and a rapid ratio of 6.42. The company has a 50-day moving average of $ 17.64 and a 200-day moving average of $ 17.76. Xenia Hotels & Resorts has a 12-month minimum of $ 14.15 and a 12-month maximum of $ 21.40.

Xenia Hotels & Resorts (NYSE: XHR) last announced its results on Tuesday, November 2. The real estate investment trust reported ($ 0.20) earnings per share (EPS) for the quarter, hitting analyst consensus estimates of ($ 0.20). The company posted revenue of $ 172.78 million in the quarter, compared to analysts’ expectations of $ 169.98 million. Xenia Hotels & Resorts recorded a negative net margin of 19.72% and a negative return on equity of 6.41%. In the same quarter of last year, the company posted ($ 0.27) EPS. Equity research analysts predict that Xenia Hotels & Resorts will post earnings per share of 0.12 for the current fiscal year.

Several equity research analysts recently published reports on XHR shares. Zacks Investment Research downgraded shares in Xenia Hotels & Resorts from a “buy” rating to a “keep” rating in a research note on Saturday. Jefferies Financial Group reaffirmed a “buy” note and set a price target of $ 22.00 for shares of Xenia Hotels & Resorts in a research note on Friday, October 1. Finally, Raymond James increased his target price on the shares of Xenia Hotels & Resorts from $ 20.00 to $ 21.00 and gave the stock an “outperformance” rating in a research report on Thursday, November 4. One analyst assigned a sell rating to the stock, two assigned a conservation rating, and three assigned a buy rating to the stock. According to MarketBeat, the company currently has an average “Hold” rating and an average target price of $ 19.67.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust that invests in luxury and upscale hotels and resorts. It also has a diverse portfolio of accommodation properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong and Loews. The company was founded in 2007 and is headquartered in Orlando, Florida.

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