Xenia Hotels & Resorts, Inc. (NYSE:XHR) sees significant growth in short-term interest
Xenia Hotels & Resorts, Inc. (NYSE: XHR) benefited from a sharp increase in short-term interest in December. As of December 31, there was short interest totaling 2,310,000 shares, an increase of 24.9% from the total of 1,850,000 shares as of December 15. Based on an average trading volume of 620,300 shares, the day-to-cover ratio is currently 3.7 days. Approximately 2.0% of the company’s shares are sold short.
NYSE XHR opened at $18.40 on Wednesday. Xenia Hotels & Resorts has a 52-week minimum of $14.15 and a 52-week maximum of $21.40. The stock’s 50-day moving average is $17.51. The company has a debt ratio of 1.03, a current ratio of 6.42 and a quick ratio of 6.42. The stock has a market capitalization of $2.10 billion, a P/E ratio of -21.90 and a beta of 1.58.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, November 2. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, meeting analyst consensus estimates of ($0.20). Xenia Hotels & Resorts recorded a negative net margin of 19.72% and a negative return on equity of 6.41%. The company posted revenue of $172.78 million in the quarter, versus a consensus estimate of $169.98 million. In the same quarter last year, the company posted ($0.27) earnings per share. On average, research analysts expect Xenia Hotels & Resorts to post 0.11 earnings per share for the current fiscal year.
Several research analysts have recently released reports on the stock. Zacks Investment Research downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, January 8. Jefferies Financial Group reaffirmed a “buy” rating and issued a price target of $22.00 on shares of Xenia Hotels & Resorts in a research note on Friday, October 1. Finally, Raymond James raised his price target on Xenia Hotels & Resorts shares from $20.00 to $21.00 and gave the company an “outperform” rating in a Thursday, Nov. 4, research note. . One equity research analyst has assigned the stock a sell rating, two have assigned a hold rating and three have assigned the stock a buy rating. Based on MarketBeat data, Xenia Hotels & Resorts has an average rating of “Hold” and an average target price of $19.67.
In other news, insider Barry AN Bloom sold 50,000 shares of the company in a trade on Wednesday, November 10. The shares were sold at an average price of $19.22, for a total value of $961,000.00. The transaction was disclosed in an SEC filing, which is available via this link. Additionally, insider Joseph T. Johnson sold 3,070 shares in a trade on Friday, November 5. The stock was sold at an average price of $20.00, for a total transaction of $61,400.00. Disclosure of this sale can be found here. Company insiders hold 2.40% of the company’s shares.
Institutional investors and hedge funds have recently been buying and selling shares of the company. Strategic Blueprint LLC bought a new stock position in Xenia Hotels & Resorts in the second quarter worth approximately $51,000. AdvisorNet Financial Inc increased its position in Xenia Hotels & Resorts shares by 30.6% in the third quarter. AdvisorNet Financial Inc now owns 3,357 shares of the real estate investment trust worth $60,000 after acquiring an additional 786 shares during the period. Van ECK Associates Corp increased its position in shares of Xenia Hotels & Resorts by 15.6% in the third quarter. Van ECK Associates Corp now owns 5,313 shares of the real estate investment trust worth $94,000 after acquiring an additional 717 shares during the period. Vident Investment Advisory LLC bought a new stock position in Xenia Hotels & Resorts in the third quarter worth approximately $187,000. Finally, Advisor Partners LLC bought a new stock position in Xenia Hotels & Resorts in the second quarter valued at around $189,000. Hedge funds and other institutional investors own 84.53% of the company’s shares.
Xenia Hotels & Resorts Company Profile
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 lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong and Loews. The company was founded in 2007 and is based in Orlando, Florida.
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