Xenia Hotels & Resorts Inc (XHR) Stake Lessened by Acadian Asset Management LLC

Acadian Asset Management LLC cut its holdings in Xenia Hotels & Resorts Inc (NYSE:XHR) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,291,665 shares of the real estate investment trust’s stock after selling 62,448 shares during the period. Acadian Asset Management LLC owned about 1.15% of Xenia Hotels & Resorts worth $30,614,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc grew its holdings in shares of Xenia Hotels & Resorts by 840.0% in the second quarter. NumerixS Investment Technologies Inc now owns 4,700 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 4,200 shares in the last quarter. CWM LLC grew its holdings in shares of Xenia Hotels & Resorts by 147.5% in the third quarter. CWM LLC now owns 5,797 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 3,455 shares in the last quarter. Lincoln National Corp bought a new position in shares of Xenia Hotels & Resorts in the second quarter valued at approximately $209,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Xenia Hotels & Resorts in the second quarter valued at approximately $214,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of Xenia Hotels & Resorts in the second quarter valued at approximately $215,000. 76.36% of the stock is owned by institutional investors.

Xenia Hotels & Resorts stock opened at $19.92 on Friday. Xenia Hotels & Resorts Inc has a 12 month low of $19.08 and a 12 month high of $25.90. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2.29 billion, a P/E ratio of 9.67, a PEG ratio of 1.62 and a beta of 0.89.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.37). Xenia Hotels & Resorts had a net margin of 10.33% and a return on equity of 6.23%. The firm had revenue of $277.10 million during the quarter, compared to analysts’ expectations of $272.14 million. During the same quarter in the previous year, the company posted $0.59 EPS. Xenia Hotels & Resorts’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Xenia Hotels & Resorts Inc will post 2.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.10 annualized dividend and a yield of 5.52%. Xenia Hotels & Resorts’s payout ratio is 53.40%.

Several research firms have recently issued reports on XHR. ValuEngine lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Zacks Investment Research raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, October 5th. Morgan Stanley upped their target price on Xenia Hotels & Resorts from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Finally, Wells Fargo & Co reduced their target price on Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, August 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.50.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.

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

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