Private Advisor Group LLC reduced its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,881 shares of the real estate investment trust’s stock after selling 1,482 shares during the quarter. Private Advisor Group LLC’s holdings in Xenia Hotels & Resorts were worth $504,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XHR. BlackRock Inc. increased its position in Xenia Hotels & Resorts by 5,506.3% during the 1st quarter. BlackRock Inc. now owns 9,533,515 shares of the real estate investment trust’s stock valued at $162,736,000 after purchasing an additional 9,363,464 shares during the period. LSV Asset Management purchased a new position in Xenia Hotels & Resorts during the 2nd quarter valued at $45,138,000. Prudential Financial Inc. increased its position in Xenia Hotels & Resorts by 80.0% during the 2nd quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock valued at $43,071,000 after purchasing an additional 988,011 shares during the period. Vanguard Group Inc. increased its position in Xenia Hotels & Resorts by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 17,373,250 shares of the real estate investment trust’s stock valued at $296,561,000 after purchasing an additional 442,613 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Xenia Hotels & Resorts by 334.6% during the 1st quarter. Nuveen Asset Management LLC now owns 500,762 shares of the real estate investment trust’s stock valued at $8,548,000 after purchasing an additional 385,540 shares during the period. 64.98% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have issued reports on XHR shares. TheStreet raised shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, June 21st. Instinet reissued a “buy” rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “sell” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, August 15th. BidaskClub raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley boosted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, June 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.25.

Shares of Xenia Hotels & Resorts, Inc. (NYSE XHR) opened at 20.55 on Friday. The stock’s 50 day moving average is $20.30 and its 200-day moving average is $19.01. Xenia Hotels & Resorts, Inc. has a one year low of $14.84 and a one year high of $21.10. The company has a market cap of $2.19 billion, a PE ratio of 15.08 and a beta of 0.77.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 5.35%. Xenia Hotels & Resorts’s dividend payout ratio is currently 81.48%.

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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