Xenia Hotels & Resorts, Inc. (XHR) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 17.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,875 shares of the real estate investment trust’s stock after selling 5,744 shares during the period. HighTower Advisors LLC’s holdings in Xenia Hotels & Resorts were worth $522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Xenia Hotels & Resorts by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,568 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 571 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Xenia Hotels & Resorts during the 1st quarter valued at $153,000. New York State Teachers Retirement System purchased a new position in shares of Xenia Hotels & Resorts during the 1st quarter valued at $154,000. GAM Holding AG lifted its position in shares of Xenia Hotels & Resorts by 1.1% during the 2nd quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 100 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Xenia Hotels & Resorts by 15.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 1,300 shares during the last quarter. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

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Xenia Hotels & Resorts, Inc. (NYSE:XHR) opened at 21.59 on Friday. The stock has a 50 day moving average price of $21.11 and a 200-day moving average price of $19.55. The stock has a market cap of $2.30 billion, a PE ratio of 15.84 and a beta of 0.80. Xenia Hotels & Resorts, Inc. has a 1-year low of $15.00 and a 1-year high of $22.30.

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

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.10 annualized dividend and a yield of 5.09%. Xenia Hotels & Resorts’s payout ratio is 81.48%.

A number of analysts recently issued reports on the company. FBR & Co started coverage on Xenia Hotels & Resorts in a research report on Friday. They set a “neutral” rating and a $23.00 price objective on the stock. Zacks Investment Research lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. TheStreet lowered Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research report on Tuesday, September 26th. Wells Fargo & Company raised their price target on Xenia Hotels & Resorts from $19.50 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. Finally, ValuEngine upgraded Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.67.

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 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.

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

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