Asset Management One Co. Ltd. Sells 27,978 Shares of Xenia Hotels & Resorts Inc (NYSE:XHR)

Asset Management One Co. Ltd. lessened its holdings in Xenia Hotels & Resorts Inc (NYSE:XHR) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 226,478 shares of the real estate investment trust’s stock after selling 27,978 shares during the period. Asset Management One Co. Ltd. owned about 0.21% of Xenia Hotels & Resorts worth $4,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MPS Loria Financial Planners LLC bought a new stake in Xenia Hotels & Resorts during the 2nd quarter worth approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 worth $147,000 after acquiring an additional 571 shares during the period. GAM Holding AG raised its stake in 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 worth $176,000 after acquiring an additional 100 shares during the period. Ameritas Investment Partners Inc. raised its stake in Xenia Hotels & Resorts by 5.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,452 shares of the real estate investment trust’s stock worth $183,000 after acquiring an additional 517 shares during the period. Finally, Madden Advisory Services Inc. raised its stake in Xenia Hotels & Resorts by 1,995.1% during the 2nd quarter. Madden Advisory Services Inc. now owns 10,727 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 10,215 shares during the period. Institutional investors own 68.59% of the company’s stock.

Xenia Hotels & Resorts Inc (XHR) traded up $0.15 during trading on Thursday, hitting $21.91. 498,587 shares of the stock traded hands, compared to its average volume of 413,073. The company has a market capitalization of $2,300.00 and a PE ratio of 17.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 6.86 and a current ratio of 6.86. Xenia Hotels & Resorts Inc has a 52-week low of $16.21 and a 52-week high of $22.76.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.38. Xenia Hotels & Resorts had a net margin of 15.23% and a return on equity of 8.34%. The firm had revenue of $223.28 million for the quarter, compared to analysts’ expectations of $219.67 million. During the same quarter last year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. sell-side analysts expect that Xenia Hotels & Resorts Inc will post 1.92 earnings per share for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Thursday, December 28th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 85.94%.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, September 27th. TheStreet cut shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research note on Tuesday, September 26th. Wells Fargo & Co raised their target price on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, October 6th. ValuEngine upgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Finally, FBR & Co assumed coverage on shares of Xenia Hotels & Resorts in a research report on Friday, October 27th. They set a “neutral” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.83.

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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 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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