Nomura Asset Management Co. Ltd. trimmed its stake in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,230 shares of the real estate investment trust’s stock after selling 8,260 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Xenia Hotels & Resorts worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XHR. MPS Loria Financial Planners LLC acquired a new stake in Xenia Hotels & Resorts during the second quarter valued at approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Xenia Hotels & Resorts by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,568 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 571 shares in the last quarter. GAM Holding AG boosted its holdings in Xenia Hotels & Resorts by 1.1% during the second quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 100 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Xenia Hotels & Resorts by 5.8% during the second quarter. Ameritas Investment Partners Inc. now owns 9,452 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 517 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Xenia Hotels & Resorts by 15.5% during the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 1,300 shares in the last quarter. 68.60% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on XHR shares. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Wells Fargo & Company lifted their price objective on Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an “outperform” rating in a report on Friday, October 6th. Instinet reaffirmed a “buy” rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, October 11th. Finally, FBR & Co assumed coverage on Xenia Hotels & Resorts in a report on Friday, October 27th. They issued a “neutral” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Xenia Hotels & Resorts has a consensus rating of “Buy” and a consensus target price of $21.83.

Shares of Xenia Hotels & Resorts Inc (NYSE:XHR) traded up $0.17 on Friday, hitting $22.28. The stock had a trading volume of 2,450,000 shares, compared to its average volume of 464,252. The firm has a market cap of $2,380.00 and a P/E ratio of 10.63. The company has a quick ratio of 6.86, a current ratio of 6.86 and a debt-to-equity ratio of 0.78. Xenia Hotels & Resorts Inc has a fifty-two week low of $16.21 and a fifty-two week high of $22.63.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 EPS for the quarter, topping the consensus estimate of $0.12 by $0.38. The business had revenue of $223.28 million for the quarter, compared to the consensus estimate of $219.67 million. Xenia Hotels & Resorts had a return on equity of 8.34% and a net margin of 15.23%. Xenia Hotels & Resorts’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. sell-side analysts anticipate that Xenia Hotels & Resorts Inc will post 1.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Thursday, December 28th. Xenia Hotels & Resorts’s payout ratio is currently 85.94%.

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About Xenia Hotels & Resorts

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.

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

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