Xenia Hotels & Resorts, Inc. (XHR) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC cut its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,536 shares of the real estate investment trust’s stock after selling 29,644 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.38% of Xenia Hotels & Resorts worth $7,758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Advisors LLC grew its holdings in shares of Xenia Hotels & Resorts by 19.6% during the second quarter. Teachers Advisors LLC now owns 945,102 shares of the real estate investment trust’s stock valued at $18,307,000 after buying an additional 155,174 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at $285,000. AJO LP grew its holdings in shares of Xenia Hotels & Resorts by 1,057.6% during the second quarter. AJO LP now owns 560,206 shares of the real estate investment trust’s stock valued at $10,851,000 after buying an additional 511,814 shares during the last quarter. Martingale Asset Management L P grew its holdings in shares of Xenia Hotels & Resorts by 73.9% during the second quarter. Martingale Asset Management L P now owns 339,616 shares of the real estate investment trust’s stock valued at $6,579,000 after buying an additional 144,320 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of Xenia Hotels & Resorts by 4.9% during the second quarter. Systematic Financial Management LP now owns 95,880 shares of the real estate investment trust’s stock valued at $1,857,000 after buying an additional 4,490 shares during the last quarter. 64.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an “outperform” rating in a report on Friday, October 6th. ValuEngine raised shares of Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. TheStreet lowered shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a report on Tuesday, September 26th. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, September 27th. Finally, Instinet reissued a “buy” rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.40.

TRADEMARK VIOLATION NOTICE: This story was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/10/11/xenia-hotels-resorts-inc-xhr-shares-sold-by-tiaa-cref-investment-management-llc.html.

Xenia Hotels & Resorts, Inc. (NYSE:XHR) opened at 21.88 on Wednesday. The company’s 50-day moving average is $20.84 and its 200-day moving average is $20.84. The firm has a market capitalization of $2.34 billion, a P/E ratio of 16.05 and a beta of 0.80. Xenia Hotels & Resorts, Inc. has a 52-week low of $15.00 and a 52-week high of $21.89.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $244.39 million for the quarter, compared to the consensus estimate of $231.65 million. During the same period last year, the firm posted $0.65 EPS. Xenia Hotels & Resorts’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts predict that Xenia Hotels & Resorts, Inc. will post $0.90 EPS for the current year.

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

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.

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

What are top analysts saying about Xenia Hotels & Resorts Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Xenia Hotels & Resorts Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit