Xenia Hotels & Resorts Inc (XHR) Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. lessened its position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 18.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,197 shares of the real estate investment trust’s stock after selling 3,844 shares during the period. Principal Financial Group Inc.’s holdings in Xenia Hotels & Resorts were worth $362,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in XHR. LSV Asset Management bought a new position in Xenia Hotels & Resorts during the 2nd quarter worth approximately $45,138,000. Prudential Financial Inc. lifted its holdings 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 worth $43,071,000 after buying an additional 988,011 shares during the last quarter. AJO LP lifted its holdings in Xenia Hotels & Resorts by 1,057.6% during the 2nd quarter. AJO LP now owns 560,206 shares of the real estate investment trust’s stock worth $10,851,000 after buying an additional 511,814 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Xenia Hotels & Resorts by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock worth $345,781,000 after buying an additional 478,107 shares during the last quarter. Finally, Hancock Holding Co. bought a new position in Xenia Hotels & Resorts during the 2nd quarter worth approximately $7,750,000. 68.60% of the stock is currently owned by institutional investors.
XHR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. B. Riley reaffirmed a “hold” rating and set a $23.00 target price on shares of Xenia Hotels & Resorts in a report on Thursday, November 9th. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, October 11th. FBR & Co started coverage on Xenia Hotels & Resorts in a report on Friday, October 27th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Instinet reissued a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.83.
Shares of Xenia Hotels & Resorts Inc (NYSE XHR) traded up $0.17 during midday trading on Friday, hitting $22.28. The company had a trading volume of 2,450,000 shares, compared to its average volume of 464,252. The company has a market cap of $2,380.00 and a P/E ratio of 10.63. Xenia Hotels & Resorts Inc has a 1-year low of $16.21 and a 1-year high of $22.63. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.78.
Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.38. The business had revenue of $223.28 million for the quarter, compared to the consensus estimate of $219.67 million. Xenia Hotels & Resorts had a return on equity of 8.34% and a net margin of 15.23%. The business’s revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. equities research analysts forecast that Xenia Hotels & Resorts Inc will post 1.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Thursday, December 28th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 85.94%.
ILLEGAL ACTIVITY WARNING: “Xenia Hotels & Resorts Inc (XHR) Shares Sold by Principal Financial Group Inc.” was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/12/16/xenia-hotels-resorts-inc-xhr-shares-sold-by-principal-financial-group-inc.html.
Xenia Hotels & Resorts Company 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 October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
Want to see what other hedge funds are holding XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xenia Hotels & Resorts Inc (NYSE:XHR).
Receive News & Ratings for Xenia Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.