Creative Planning held its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the second quarter, Holdings Channel reports. The firm owned 11,788 shares of the real estate investment trust’s stock at the end of the second quarter. Creative Planning’s holdings in Xenia Hotels & Resorts were worth $228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Xenia Hotels & Resorts by 2.6% in the first quarter. Vanguard Group Inc. now owns 17,373,250 shares of the real estate investment trust’s stock worth $296,561,000 after buying an additional 442,613 shares in the last quarter. BlackRock Inc. increased its position in Xenia Hotels & Resorts by 5,506.3% in the first quarter. BlackRock Inc. now owns 9,533,515 shares of the real estate investment trust’s stock worth $162,736,000 after buying an additional 9,363,464 shares in the last quarter. State Street Corp increased its position in Xenia Hotels & Resorts by 4.0% in the first quarter. State Street Corp now owns 3,703,954 shares of the real estate investment trust’s stock worth $63,223,000 after buying an additional 140,948 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Xenia Hotels & Resorts by 23.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,379,397 shares of the real estate investment trust’s stock worth $23,546,000 after buying an additional 260,152 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Xenia Hotels & Resorts by 96.7% in the first quarter. Prudential Financial Inc. now owns 1,235,570 shares of the real estate investment trust’s stock worth $21,091,000 after buying an additional 607,300 shares in the last quarter. Institutional investors and hedge funds own 64.29% of the company’s stock.

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) traded down 0.85% on Monday, reaching $19.94. 61,530 shares of the company traded hands. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 21.08 and a beta of 0.77. Xenia Hotels & Resorts, Inc. has a 52-week low of $14.84 and a 52-week high of $20.59. The stock has a 50 day moving average of $19.90 and a 200 day moving average of $18.31.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.09. Xenia Hotels & Resorts had a net margin of 11.02% and a return on equity of 6.29%. The business had revenue of $218.50 million during the quarter, compared to analysts’ expectations of $205.54 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis. On average, analysts expect that Xenia Hotels & Resorts, Inc. will post $0.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 5.47%. The ex-dividend date was Wednesday, June 28th. Xenia Hotels & Resorts’s payout ratio is 117.02%.

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XHR has been the topic of a number of recent research reports. BidaskClub downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. Finally, Morgan Stanley raised their price target on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, June 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $20.75.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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

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