Wells Fargo & Company MN Raises Position in Xenia Hotels & Resorts Inc (XHR)

Wells Fargo & Company MN boosted its holdings in Xenia Hotels & Resorts Inc (NYSE:XHR) by 58.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 773,769 shares of the real estate investment trust’s stock after buying an additional 285,590 shares during the quarter. Wells Fargo & Company MN owned approximately 0.69% of Xenia Hotels & Resorts worth $18,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XHR. NumerixS Investment Technologies Inc increased its position in Xenia Hotels & Resorts by 840.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,700 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 4,200 shares during the period. CWM LLC grew its position in shares of Xenia Hotels & Resorts by 147.5% during the 3rd quarter. CWM LLC now owns 5,797 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 3,455 shares during the period. Lincoln National Corp acquired a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $209,000. Globeflex Capital L P acquired a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $226,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $232,000. Institutional investors and hedge funds own 77.69% of the company’s stock.

Shares of XHR opened at $20.32 on Monday. Xenia Hotels & Resorts Inc has a 12-month low of $19.08 and a 12-month high of $25.90. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2.29 billion, a P/E ratio of 9.86, a PEG ratio of 1.59 and a beta of 1.03.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). Xenia Hotels & Resorts had a return on equity of 5.96% and a net margin of 9.93%. The firm had revenue of $241.00 million during the quarter, compared to the consensus estimate of $240.55 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. Xenia Hotels & Resorts’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Xenia Hotels & Resorts Inc will post 2.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Friday, December 28th. Xenia Hotels & Resorts’s dividend payout ratio is currently 53.40%.

Several brokerages have recently commented on XHR. B. Riley set a $25.00 price objective on shares of Xenia Hotels & Resorts and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, October 5th. Wells Fargo & Co reduced their price objective on shares of Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating for the company in a research report on Tuesday, August 28th. Finally, ValuEngine downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.67.

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Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,239 rooms, across 17 states and the District of Columbia.

Further Reading: What is a conference call?

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

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