Bank of New York Mellon Corp lowered its stake in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 20.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,421,049 shares of the real estate investment trust’s stock after selling 362,712 shares during the period. Bank of New York Mellon Corp owned approximately 1.25% of Xenia Hotels & Resorts worth $13,258,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XHR. US Bancorp DE boosted its stake in shares of Xenia Hotels & Resorts by 261.6% in the 1st quarter. US Bancorp DE now owns 3,558 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,574 shares during the last quarter. NewSquare Capital LLC purchased a new position in shares of Xenia Hotels & Resorts in the 1st quarter worth approximately $48,000. IFP Advisors Inc boosted its stake in shares of Xenia Hotels & Resorts by 51.1% in the 2nd quarter. IFP Advisors Inc now owns 8,304 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,810 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Xenia Hotels & Resorts in the first quarter valued at approximately $82,000. Finally, Profund Advisors LLC purchased a new position in Xenia Hotels & Resorts in the second quarter valued at approximately $95,000. Institutional investors and hedge funds own 79.66% of the company’s stock.

NYSE:XHR opened at $9.58 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 6.23 and a quick ratio of 6.23. Xenia Hotels & Resorts Inc has a 1-year low of $6.14 and a 1-year high of $22.39. The business has a 50 day moving average of $8.86 and a 200 day moving average of $9.71. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -9.88 and a beta of 1.05.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported ($0.88) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.52). Xenia Hotels & Resorts had a negative net margin of 13.99% and a negative return on equity of 6.41%. The business had revenue of $14.83 million for the quarter, compared to analysts’ expectations of $24.11 million. As a group, sell-side analysts anticipate that Xenia Hotels & Resorts Inc will post -0.62 EPS for the current year.

A number of brokerages have issued reports on XHR. Morgan Stanley lowered their target price on shares of Xenia Hotels & Resorts from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, July 31st. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. ValuEngine raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Wells Fargo & Company lowered their target price on shares of Xenia Hotels & Resorts from $14.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.81.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

Further Reading: Asset Allocation

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

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