SOA Wealth Advisors LLC. Buys New Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

SOA Wealth Advisors LLC. acquired a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,355 shares of the real estate investment trust’s stock, valued at approximately $67,000.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp boosted its position in Xenia Hotels & Resorts by 23.4% in the third quarter. Van ECK Associates Corp now owns 3,417 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 649 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Xenia Hotels & Resorts by 25.8% in the fourth quarter. AdvisorNet Financial Inc now owns 3,952 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 811 shares during the last quarter. Veriti Management LLC purchased a new position in Xenia Hotels & Resorts in the fourth quarter worth $63,000. Teacher Retirement System of Texas purchased a new position in Xenia Hotels & Resorts in the fourth quarter worth $158,000. Finally, Csenge Advisory Group bought a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at $161,000. 79.66% of the stock is currently owned by institutional investors and hedge funds.

In other Xenia Hotels & Resorts news, insider Atish Shah sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $20.00, for a total value of $100,000.00. Following the transaction, the insider now directly owns 156,162 shares in the company, valued at approximately $3,123,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Barry A. N. Bloom sold 18,499 shares of the company’s stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $16.23, for a total value of $300,238.77. Following the completion of the transaction, the insider now owns 57,135 shares in the company, valued at $927,301.05. The disclosure for this sale can be found here. Insiders sold a total of 114,404 shares of company stock worth $2,082,820 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

NYSE:XHR opened at $19.65 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 6.23 and a current ratio of 6.23. Xenia Hotels & Resorts, Inc. has a 52-week low of $6.14 and a 52-week high of $21.40. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -20.26 and a beta of 1.04. The business’s fifty day moving average is $19.60 and its 200 day moving average is $14.58.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Sunday, February 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.52. Xenia Hotels & Resorts had a negative return on equity of 6.41% and a negative net margin of 13.99%. The company had revenue of $75.65 million for the quarter, compared to analyst estimates of $70.08 million. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was down 73.2% compared to the same quarter last year. Equities analysts predict that Xenia Hotels & Resorts, Inc. will post -0.84 EPS for the current fiscal year.

Several analysts have issued reports on the company. Morgan Stanley boosted their target price on Xenia Hotels & Resorts from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, March 8th. Raymond James upgraded Xenia Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Tuesday, January 12th. BMO Capital Markets boosted their target price on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company a “market perform” rating in a research note on Tuesday, March 16th. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, March 3rd. Finally, Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $12.50 to $18.00 in a research note on Thursday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.57.

Xenia Hotels & Resorts Company Profile

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 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states.

Further Reading: Are sell-side analysts objective?

Want to see what other hedge funds are holding XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xenia Hotels & Resorts, Inc. (NYSE:XHR).

Institutional Ownership by Quarter for Xenia Hotels & Resorts (NYSE:XHR)

Receive News & Ratings for Xenia Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.