Macquarie Group Ltd. Decreases Position in Xenia Hotels & Resorts Inc (XHR)

Macquarie Group Ltd. decreased its position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,200 shares of the real estate investment trust’s stock after selling 5,700 shares during the quarter. Macquarie Group Ltd. owned 0.08% of Xenia Hotels & Resorts worth $1,836,000 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 the stock. Vanguard Group Inc. lifted its position in Xenia Hotels & Resorts by 2.8% during the second quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock worth $345,781,000 after purchasing an additional 478,107 shares during the period. BlackRock Inc. lifted its position in Xenia Hotels & Resorts by 2.3% during the second quarter. BlackRock Inc. now owns 9,754,449 shares of the real estate investment trust’s stock worth $188,943,000 after purchasing an additional 220,934 shares during the period. State Street Corp lifted its position in Xenia Hotels & Resorts by 5.4% during the second quarter. State Street Corp now owns 3,903,944 shares of the real estate investment trust’s stock worth $75,621,000 after purchasing an additional 199,990 shares during the period. Prudential Financial Inc. lifted its position in Xenia Hotels & Resorts by 15.2% during the third quarter. Prudential Financial Inc. now owns 2,560,869 shares of the real estate investment trust’s stock worth $53,906,000 after purchasing an additional 337,288 shares during the period. Finally, LSV Asset Management bought a new stake in Xenia Hotels & Resorts during the second quarter worth about $45,138,000. 68.60% of the stock is owned by institutional investors and hedge funds.

XHR has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. B. Riley reaffirmed a “hold” rating and set a $23.00 price objective on shares of Xenia Hotels & Resorts in a research report on Thursday, November 9th. TheStreet raised shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, October 11th. FBR & Co initiated coverage on shares of Xenia Hotels & Resorts in a research report on Friday, October 27th. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Instinet reaffirmed a “buy” rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.86.

Xenia Hotels & Resorts Inc (NYSE XHR) traded down $0.08 during mid-day trading on Thursday, hitting $21.50. 266,600 shares of the stock were exchanged, compared to its average volume of 517,255. The company has a market capitalization of $2,303.23, a PE ratio of 10.38, a P/E/G ratio of 2.25 and a beta of 0.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 6.86 and a quick ratio of 6.86. Xenia Hotels & Resorts Inc has a 52-week low of $16.21 and a 52-week high of $22.30.

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

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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.

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

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