Stratos Wealth Partners LTD. reduced its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 31.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,101 shares of the real estate investment trust’s stock after selling 6,905 shares during the period. Stratos Wealth Partners LTD.’s holdings in Xenia Hotels & Resorts were worth $293,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Xenia Hotels & Resorts by 10.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 657 shares during the period. James Investment Research Inc. bought a new stake in shares of Xenia Hotels & Resorts during the first quarter worth about $133,000. Daiwa Securities Group Inc. raised its stake in shares of Xenia Hotels & Resorts by 37.7% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 2,300 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Xenia Hotels & Resorts during the first quarter worth about $153,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Xenia Hotels & Resorts during the first quarter worth about $154,000. Institutional investors and hedge funds own 64.29% of the company’s stock.

Shares of Xenia Hotels & Resorts, Inc. (NYSE XHR) opened at 19.52 on Thursday. The company’s 50 day moving average is $19.90 and its 200-day moving average is $18.37. The company has a market cap of $2.08 billion, a P/E ratio of 20.63 and a beta of 0.77. Xenia Hotels & Resorts, Inc. has a 12 month low of $14.84 and a 12 month high of $20.64.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.41. The company had revenue of $244.39 million during the quarter, compared to the consensus estimate of $231.65 million. Xenia Hotels & Resorts had a net margin of 11.02% and a return on equity of 6.29%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Analysts expect that Xenia Hotels & Resorts, Inc. will post $0.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend was Wednesday, June 28th. Xenia Hotels & Resorts’s payout ratio is 117.02%.

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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley upped their target price on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, June 16th. Finally, TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Xenia Hotels & Resorts presently has a consensus rating of “Hold” 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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