Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,836 shares of the real estate investment trust’s stock after acquiring an additional 6,048 shares during the period. LPL Financial LLC owned about 0.06% of Xenia Hotels & Resorts worth $774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Xenia Hotels & Resorts in the 4th quarter worth approximately $18,408,000. Centersquare Investment Management LLC grew its stake in Xenia Hotels & Resorts by 20.1% in the 1st quarter. Centersquare Investment Management LLC now owns 5,929,628 shares of the real estate investment trust’s stock worth $114,382,000 after acquiring an additional 993,790 shares during the period. State Street Corp grew its stake in Xenia Hotels & Resorts by 12.8% in the 1st quarter. State Street Corp now owns 7,303,386 shares of the real estate investment trust’s stock worth $140,882,000 after acquiring an additional 828,429 shares during the period. Macquarie Group Ltd. grew its stake in Xenia Hotels & Resorts by 570.9% in the 1st quarter. Macquarie Group Ltd. now owns 765,377 shares of the real estate investment trust’s stock worth $10,012,000 after acquiring an additional 651,287 shares during the period. Finally, Vanguard Group Inc. grew its stake in Xenia Hotels & Resorts by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,789,858 shares of the real estate investment trust’s stock worth $272,901,000 after acquiring an additional 426,724 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Up 0.1 %

Shares of Xenia Hotels & Resorts stock opened at $12.62 on Tuesday. The company has a fifty day moving average price of $11.87 and a 200 day moving average price of $12.09. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.02. Xenia Hotels & Resorts, Inc. has a twelve month low of $10.90 and a twelve month high of $16.10. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 30.78 and a beta of 1.45.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.33). Xenia Hotels & Resorts had a return on equity of 3.65% and a net margin of 4.52%. The business had revenue of $232.02 million for the quarter, compared to analysts’ expectations of $230.52 million. Equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.39 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of 3.17%. Xenia Hotels & Resorts’s dividend payout ratio is currently 97.56%.

Analyst Ratings Changes

Several research firms have commented on XHR. Wells Fargo & Company lowered their target price on shares of Xenia Hotels & Resorts from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. Morgan Stanley boosted their price objective on shares of Xenia Hotels & Resorts from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, November 7th. StockNews.com assumed coverage on shares of Xenia Hotels & Resorts in a research note on Thursday, October 5th. They set a “sell” rating for the company. Finally, B. Riley lowered their price objective on shares of Xenia Hotels & Resorts from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $14.80.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.