Xenia Hotels & Resorts Inc (XHR) Short Interest Update
Xenia Hotels & Resorts Inc (NYSE:XHR) was the recipient of a large growth in short interest in March. As of March 29th, there was short interest totalling 3,245,736 shares, a growth of 109.2% from the March 15th total of 1,551,624 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily volume of 3,713,450 shares, the short-interest ratio is currently 0.9 days.
NYSE XHR opened at $21.71 on Tuesday. Xenia Hotels & Resorts has a 1-year low of $16.47 and a 1-year high of $25.90. The company has a market capitalization of $2.45 billion, a P/E ratio of 9.78, a PEG ratio of 2.14 and a beta of 1.15. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.62.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, February 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. Xenia Hotels & Resorts had a return on equity of 10.84% and a net margin of 18.30%. The firm had revenue of $275.66 million during the quarter, compared to the consensus estimate of $269.26 million. During the same period last year, the business posted $0.52 EPS. Xenia Hotels & Resorts’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts expect that Xenia Hotels & Resorts will post 2.04 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. increased its position in Xenia Hotels & Resorts by 4.8% during the first quarter. Raymond James Trust N.A. now owns 13,528 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 625 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Xenia Hotels & Resorts during the first quarter worth $925,000. Mercer Global Advisors Inc. ADV purchased a new position in Xenia Hotels & Resorts during the first quarter worth $179,000. State of Alaska Department of Revenue increased its position in Xenia Hotels & Resorts by 103.9% during the first quarter. State of Alaska Department of Revenue now owns 74,953 shares of the real estate investment trust’s stock worth $1,641,000 after buying an additional 38,192 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Xenia Hotels & Resorts by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,788,735 shares of the real estate investment trust’s stock worth $30,766,000 after buying an additional 110,807 shares in the last quarter. 78.03% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on XHR shares. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Morgan Stanley downgraded Xenia Hotels & Resorts from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $22.00 to $17.00 in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.67.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
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