Vanguard Group Inc. grew its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,851,357 shares of the real estate investment trust’s stock after buying an additional 478,107 shares during the period. Vanguard Group Inc. owned approximately 16.72% of Xenia Hotels & Resorts worth $345,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of XHR. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Xenia Hotels & Resorts by 10.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 657 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Xenia Hotels & Resorts in the 1st quarter worth $153,000. New York State Teachers Retirement System purchased a new position in shares of Xenia Hotels & Resorts in the 1st quarter worth $154,000. Virginia Retirement Systems ET AL purchased a new position in shares of Xenia Hotels & Resorts in the 1st quarter worth $171,000. Finally, Utah Retirement Systems purchased a new position in shares of Xenia Hotels & Resorts in the 1st quarter worth $174,000. 64.98% of the stock is owned by institutional investors and hedge funds.

XHR has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Wells Fargo & Company lifted 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. Instinet reissued a “buy” rating and issued a $22.00 price objective on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. BidaskClub cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet cut shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.40.

Shares of Xenia Hotels & Resorts, Inc. (XHR) opened at 21.39 on Friday. Xenia Hotels & Resorts, Inc. has a 12-month low of $15.00 and a 12-month high of $21.49. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 15.69 and a beta of 0.80. The stock has a 50 day moving average of $20.75 and a 200 day moving average of $20.75.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The firm had revenue of $244.39 million during the quarter, compared to analyst estimates of $231.65 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Xenia Hotels & Resorts’s quarterly revenue was down 6.5% on a year-over-year basis. Equities research analysts predict that Xenia Hotels & Resorts, Inc. will post $0.90 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, September 28th. Xenia Hotels & Resorts’s dividend payout ratio is currently 81.48%.

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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 May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 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)

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