Summit Global Investments Makes New $1.03 Million Investment in Xenia Hotels & Resorts, Inc. $XHR

Summit Global Investments bought a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 50,788 shares of the real estate investment trust’s stock, valued at approximately $1,034,000.

Several other institutional investors have also modified their holdings of the stock. Transamerica Financial Advisors LLC boosted its position in shares of Xenia Hotels & Resorts by 459.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,948 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,600 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Xenia Hotels & Resorts during the fourth quarter worth about $33,000. Mcguire Capital Advisors Inc. acquired a new stake in Xenia Hotels & Resorts during the fourth quarter worth about $55,000. Hantz Financial Services Inc. raised its stake in Xenia Hotels & Resorts by 42.4% during the fourth quarter. Hantz Financial Services Inc. now owns 5,730 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 1,707 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its stake in Xenia Hotels & Resorts by 22.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,592 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 1,387 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Up 0.5%

Shares of XHR stock opened at $19.14 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.47 and a quick ratio of 2.47. The firm has a market cap of $1.77 billion, a PE ratio of -273.38 and a beta of 1.15. The company has a 50-day moving average of $20.11 and a two-hundred day moving average of $17.29. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.75 and a 1-year high of $22.06.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XHR. KeyCorp increased their price target on shares of Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Weiss Ratings lowered shares of Xenia Hotels & Resorts from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Thursday. BMO Capital Markets reiterated an “outperform” rating and issued a $21.00 price objective on shares of Xenia Hotels & Resorts in a report on Friday, June 12th. Finally, Wells Fargo & Company increased their price objective on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.25.

Xenia Hotels & Resorts 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.