Millennium Management LLC grew its position in Xenia Hotels & Resorts Inc (NYSE:XHR) by 345.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 944,880 shares of the real estate investment trust’s stock after purchasing an additional 732,802 shares during the period. Millennium Management LLC’s holdings in Xenia Hotels & Resorts were worth $23,017,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XHR. NumerixS Investment Technologies Inc raised its holdings in shares of Xenia Hotels & Resorts by 840.0% during the second quarter. NumerixS Investment Technologies Inc now owns 4,700 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 4,200 shares during the period. Lincoln National Corp acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter worth $209,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter worth $214,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter worth $215,000. Finally, Evanson Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter worth $219,000. Institutional investors own 76.28% of the company’s stock.

XHR has been the topic of a number of research analyst reports. ValuEngine lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Wells Fargo & Co dropped their price objective on shares of Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, August 28th. Morgan Stanley raised their price objective on shares of Xenia Hotels & Resorts from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. Jefferies Financial Group initiated coverage on shares of Xenia Hotels & Resorts in a report on Thursday, May 31st. They set a “buy” rating and a $29.00 price objective on the stock. Finally, B. Riley lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $26.00 to $24.00 in a report on Friday, June 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Xenia Hotels & Resorts currently has a consensus rating of “Buy” and an average price target of $25.29.

Xenia Hotels & Resorts stock opened at $23.57 on Thursday. The firm has a market capitalization of $2.65 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.87 and a beta of 0.89. Xenia Hotels & Resorts Inc has a 1-year low of $19.08 and a 1-year high of $25.90. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.62.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Thursday, September 27th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.40%.

Xenia Hotels & Resorts 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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