LSV Asset Management Acquires 434,153 Shares of Xenia Hotels & Resorts, Inc. $XHR

LSV Asset Management grew its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 432.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534,500 shares of the real estate investment trust’s stock after purchasing an additional 434,153 shares during the period. LSV Asset Management owned approximately 0.56% of Xenia Hotels & Resorts worth $7,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Salomon & Ludwin LLC grew its position in Xenia Hotels & Resorts by 114.1% in the third quarter. Salomon & Ludwin LLC now owns 2,085 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,111 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Xenia Hotels & Resorts by 38.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,023 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 1,119 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in shares of Xenia Hotels & Resorts by 38.2% in the 2nd quarter. AdvisorShares Investments LLC now owns 8,400 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 2,320 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Xenia Hotels & Resorts by 79.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,557 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 3,782 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth about $118,000. 92.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on XHR shares. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Robert W. Baird set a $17.00 target price on Xenia Hotels & Resorts in a report on Monday, January 12th. Wells Fargo & Company increased their price target on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.00.

Xenia Hotels & Resorts Price Performance

XHR opened at $15.75 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.51 and a quick ratio of 2.51. The stock has a market capitalization of $1.49 billion, a P/E ratio of 28.12 and a beta of 1.23. The company’s 50 day simple moving average is $14.85 and its 200-day simple moving average is $14.02. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.23.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.