Xenia Hotels & Resorts Inc (XHR) Shares Sold by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lessened its position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,200 shares of the real estate investment trust’s stock after selling 37,500 shares during the period. Virginia Retirement Systems ET AL owned about 0.22% of Xenia Hotels & Resorts worth $5,764,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in XHR. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Xenia Hotels & Resorts by 2.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,348 shares of the real estate investment trust’s stock worth $2,591,000 after purchasing an additional 2,471 shares during the period. Sigma Planning Corp raised its position in shares of Xenia Hotels & Resorts by 16.8% during the 2nd quarter. Sigma Planning Corp now owns 19,165 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 2,759 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Xenia Hotels & Resorts by 19.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 17,000 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 2,800 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of Xenia Hotels & Resorts by 27.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 15,232 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 3,300 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Xenia Hotels & Resorts by 2.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 141,531 shares of the real estate investment trust’s stock worth $3,448,000 after purchasing an additional 3,452 shares during the period. 76.09% of the stock is currently owned by institutional investors.

XHR opened at $20.50 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 debt-to-equity ratio of 0.63, a quick ratio of 3.45 and a current ratio of 1.95. The company has a market capitalization of $2.29 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 1.60 and a beta of 1.03.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35). Xenia Hotels & Resorts had a net margin of 9.93% and a return on equity of 5.96%. The business had revenue of $241.00 million during the quarter, compared to analyst estimates of $240.55 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that Xenia Hotels & Resorts Inc will post 2.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, September 27th. Xenia Hotels & Resorts’s dividend payout ratio is currently 53.40%.

A number of analysts have recently weighed in on the company. B. Riley set a $25.00 price target on Xenia Hotels & Resorts and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, October 5th. Wells Fargo & Co dropped their price target on Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 28th. Morgan Stanley increased their price target on Xenia Hotels & Resorts from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Finally, ValuEngine cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.67.

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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.

See Also: Buyback

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

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