Commonwealth Bank of Australia grew its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 48.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,100 shares of the real estate investment trust’s stock after purchasing an additional 21,200 shares during the quarter. Commonwealth Bank of Australia owned about 0.06% of Xenia Hotels & Resorts worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Xenia Hotels & Resorts by 10.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 657 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Xenia Hotels & Resorts by 37.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 2,300 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Xenia Hotels & Resorts in the 1st quarter valued at about $153,000. New York State Teachers Retirement System acquired a new position in shares of Xenia Hotels & Resorts in the 1st quarter valued at about $154,000. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Xenia Hotels & Resorts in the 1st quarter valued at about $171,000. 64.98% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts, Inc. (NYSE:XHR) opened at 20.32 on Friday. The company’s 50-day moving average price is $20.24 and its 200-day moving average price is $18.76. Xenia Hotels & Resorts, Inc. has a 1-year low of $14.84 and a 1-year high of $20.46. The firm has a market capitalization of $2.17 billion, a P/E ratio of 14.90 and a beta of 0.77.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. The company had revenue of $244.39 million for the quarter, compared to analysts’ expectations of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. Xenia Hotels & Resorts’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Equities research analysts expect that Xenia Hotels & Resorts, Inc. will post $0.90 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 annualized dividend and a yield of 5.41%. Xenia Hotels & Resorts’s payout ratio is 81.48%.

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A number of research analysts have recently issued reports on XHR shares. Instinet reissued a “buy” rating and issued a $22.00 price objective on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. Morgan Stanley boosted their price objective on 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. Zacks Investment Research raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, September 8th. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. Finally, BidaskClub downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $21.25.

Xenia Hotels & Resorts Profile

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.

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

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