Xenia Hotels & Resorts Inc. (NYSE: XHR) Volatility Spurs A Quest For Clarity


The Vanguard Group, Inc. recently announced the acquisition of new stake in Xenia Hotels & Resorts Inc. (NYSE:XHR). The institutional investor has increased its shareholding in the Real Estate company by 3.34% to 18.8 million shares with purchase of 0.61 million shares. This fresh investment now brings its stake to 16.57% valued currently at $175.39 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.92 million to 6.12 million shares. And Northern Trust Investments, Inc.(. has lifted its position by 1.07% or 30833.0 shares – to 2.91 million shares.

With over 1.13 million Xenia Hotels & Resorts Inc. (XHR) shares trading Tuesday and a closing price of $8.58 on the day, the dollar volume was approximately $9.7 million. The shares have shown a negative weekly performance of -1.61% and its price on 07/14/20 lost nearly -1.04%. Currently, there are 112.99M common shares owned by the public and among those 112.25M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for XHR have a consensus price objective of $10.19. The analysts have set the share’s price value over the next 12 months at a high of $14.00 and a low of $8.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Xenia Hotels & Resorts Inc. stock is 2.70 for the next 12 months. The average price target is 30.75% above its last price level and an upside to the estimated low will see the stock lose -7.25% over that period. But an upside of 38.71% will see the stock hit the forecast high price target while mean target price for the stock is $9.25.

Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 938,966 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 4,663 shares.

The top 3 mutual fund holders in Xenia Hotels & Resorts Inc. are iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 6.96 million shares of the company’s stock, all valued at over $64.96 million. Vanguard Real Estate Index Fund sold -0.11 million shares to see its total holdings shrink to 5.03 million shares valued at over $46.9 million and representing 4.43% of the shares outstanding. Vanguard Total Stock Market Index sold 36941.0 shares to bring its total holdings to over 3.21 million shares at a value of $29.93 million. Vanguard Total Stock Market Index now owns shares totaling to 2.83% of the shares outstanding.

Shares of Xenia Hotels & Resorts Inc. (NYSE: XHR) opened at $8.68, up $0.01 from a prior closing price of $8.67. However, the script later closed the day at $8.58, down -1.04%. The company’s stock has a 5-day price change of -1.61% and -11.73% over the past three months. XHR shares are trading -60.30% year to date (YTD), with the 12-month market performance down to -59.34% lower. It has a 12-month low price of $6.14 and touched a high of $22.39 over the same period. Currently, 1.13 million shares have been traded, compared to an average intraday trading volume of 1.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.15%, -8.52%, and -44.73% respectively.

Institutional ownership of Xenia Hotels & Resorts Inc. (NYSE: XHR) shares accounts for 87.00% of the company’s 112.99M shares outstanding. Mutual fund holders own 52.48%, while other institutional holders and individual stakeholders account for 6.08% and 32.37% respectively.

It has a market capitalization of $952.29M and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 476.67, while the earnings-per-share (ttm) stands at $0.02. The company has a debt-to-equity ratio at 0.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.57% over the week and 6.76% over the month.

Analysts forecast that Xenia Hotels & Resorts Inc. (XHR) will achieve an EPS of -$0.79 for the current quarter, -$0.46 for the next quarter and -$0.2 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.87 while analysts give the company a high EPS estimate of -$0.73. Comparatively, EPS for the current quarter was $0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -72.20%, and 88.80% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Xenia Hotels & Resorts Inc. (XHR) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 5 of the 9 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the XHR, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on June 09, 2020, with the firm’s price target at $14. B. Riley FBR coverage for the Xenia Hotels & Resorts Inc. (XHR) stock in a research note released on March 10, 2020 offered a Buy rating with a price target of $18. Wells Fargo was of a view on March 09, 2020 that the stock is Overweight, while Janney gave the stock Neutral rating on December 16, 2019, issuing a price target of $23.50. BMO Capital Markets on their part issued Market Perform rating on October 17, 2019.


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