Short Interest in Xenia Hotels & Resorts Inc (NYSE:XHR) Expands By 34.0%

Xenia Hotels & Resorts Inc (NYSE:XHR) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 3,150,000 shares, an increase of 34.0% from the June 30th total of 2,350,000 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is currently 2.8 days.

XHR has been the subject of a number of analyst reports. ValuEngine raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, June 8th. Morgan Stanley reduced their price objective on Xenia Hotels & Resorts from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday. TheStreet cut Xenia Hotels & Resorts from a “c” rating to a “d+” rating in a research note on Monday, May 11th. KeyCorp reduced their price objective on Xenia Hotels & Resorts from $24.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Zacks Investment Research cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $15.81.

Several large investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Xenia Hotels & Resorts by 17.7% in the first quarter. State Street Corp now owns 6,116,927 shares of the real estate investment trust’s stock valued at $64,576,000 after purchasing an additional 920,088 shares during the period. Geode Capital Management LLC increased its holdings in shares of Xenia Hotels & Resorts by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 2,207,274 shares of the real estate investment trust’s stock valued at $47,699,000 after purchasing an additional 91,055 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Xenia Hotels & Resorts by 39.1% in the first quarter. JPMorgan Chase & Co. now owns 1,971,876 shares of the real estate investment trust’s stock valued at $20,310,000 after purchasing an additional 554,596 shares during the period. Norges Bank acquired a new position in Xenia Hotels & Resorts during the fourth quarter worth $32,356,000. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Xenia Hotels & Resorts by 16.3% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,403,932 shares of the real estate investment trust’s stock worth $14,460,000 after acquiring an additional 197,157 shares during the period. 82.64% of the stock is currently owned by institutional investors and hedge funds.

NYSE:XHR opened at $7.96 on Friday. The firm has a market cap of $902.74 million, a P/E ratio of -8.21 and a beta of 1.11. The company has a current ratio of 6.23, a quick ratio of 6.31 and a debt-to-equity ratio of 1.03. The stock’s 50 day simple moving average is $9.26 and its 200-day simple moving average is $12.02. Xenia Hotels & Resorts has a 12-month low of $6.14 and a 12-month high of $22.39.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Thursday, July 30th. The real estate investment trust reported ($0.88) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.52). The company had revenue of $14.83 million during the quarter, compared to analyst estimates of $24.11 million. Xenia Hotels & Resorts had a negative net margin of 13.99% and a negative return on equity of 6.41%. Research analysts forecast that Xenia Hotels & Resorts will post -0.31 EPS for the current fiscal year.

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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