Cornerstone Capital Management Holdings LLC. raised its position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 107.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,868 shares of the real estate investment trust’s stock after acquiring an additional 59,600 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.11% of Xenia Hotels & Resorts worth $2,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Xenia Hotels & Resorts by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock worth $345,781,000 after purchasing an additional 478,107 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Xenia Hotels & Resorts by 2.3% in the second quarter. BlackRock Inc. now owns 9,754,449 shares of the real estate investment trust’s stock worth $188,943,000 after purchasing an additional 220,934 shares during the last quarter. State Street Corp grew its holdings in shares of Xenia Hotels & Resorts by 5.4% in the second quarter. State Street Corp now owns 3,903,944 shares of the real estate investment trust’s stock worth $75,621,000 after purchasing an additional 199,990 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Xenia Hotels & Resorts by 15.2% in the third quarter. Prudential Financial Inc. now owns 2,560,869 shares of the real estate investment trust’s stock worth $53,906,000 after purchasing an additional 337,288 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in Xenia Hotels & Resorts in the second quarter worth about $45,138,000. Hedge funds and other institutional investors own 68.60% of the company’s stock.

Shares of Xenia Hotels & Resorts Inc (NYSE XHR) opened at $22.32 on Wednesday. The company has a market cap of $2,390.00 and a PE ratio of 10.72. Xenia Hotels & Resorts Inc has a 1 year low of $16.21 and a 1 year high of $22.76. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.78.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.38. The firm had revenue of $223.28 million during the quarter, compared to analyst estimates of $219.67 million. Xenia Hotels & Resorts had a net margin of 15.23% and a return on equity of 8.34%. Xenia Hotels & Resorts’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. equities research analysts predict that Xenia Hotels & Resorts Inc will post 1.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, December 28th. Xenia Hotels & Resorts’s payout ratio is currently 85.94%.

A number of research firms recently weighed in on XHR. TheStreet lowered shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research note on Tuesday, September 26th. B. Riley reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Xenia Hotels & Resorts in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Wells Fargo & Company upped their price objective 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. 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 target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.83.

WARNING: “Cornerstone Capital Management Holdings LLC. Has $2.42 Million Holdings in Xenia Hotels & Resorts Inc (XHR)” was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/cornerstone-capital-management-holdings-llc-has-2-42-million-holdings-in-xenia-hotels-resorts-inc-xhr/1774401.html.

Xenia Hotels & Resorts Company 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)

Receive News & Ratings for Xenia Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.