Citadel Advisors LLC Sells 19,855 Shares of Xenia Hotels & Resorts, Inc. (XHR)

Citadel Advisors LLC reduced its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 51.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,646 shares of the real estate investment trust’s stock after selling 19,855 shares during the period. Citadel Advisors LLC’s holdings in Xenia Hotels & Resorts were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XHR. Bank of New York Mellon Corp increased its stake in Xenia Hotels & Resorts by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 988,312 shares of the real estate investment trust’s stock valued at $16,871,000 after buying an additional 50,952 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Xenia Hotels & Resorts by 26.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 215,118 shares of the real estate investment trust’s stock valued at $3,672,000 after buying an additional 45,447 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Xenia Hotels & Resorts in the 1st quarter valued at $228,000. Ameriprise Financial Inc. increased its stake in Xenia Hotels & Resorts by 354.6% in the 1st quarter. Ameriprise Financial Inc. now owns 180,199 shares of the real estate investment trust’s stock valued at $3,076,000 after buying an additional 140,559 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Xenia Hotels & Resorts by 34.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 309,325 shares of the real estate investment trust’s stock valued at $5,280,000 after buying an additional 79,576 shares during the last quarter. Hedge funds and other institutional investors own 64.99% of the company’s stock.

Xenia Hotels & Resorts, Inc. (NYSE:XHR) opened at 21.88 on Wednesday. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 16.05 and a beta of 0.80. The stock’s 50 day moving average is $20.84 and its 200 day moving average is $20.84. Xenia Hotels & Resorts, Inc. has a 1-year low of $15.00 and a 1-year high of $21.89.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 annualized dividend and a dividend yield of 5.03%. Xenia Hotels & Resorts’s dividend payout ratio is currently 81.48%.

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Several equities research analysts have issued reports on XHR shares. 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. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. BidaskClub lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Morgan Stanley lifted their price target on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, June 16th. Finally, Instinet reiterated a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.40.

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.

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

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