Bank of America Corp DE raised its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 71,367 shares of the real estate investment trust’s stock after buying an additional 63 shares during the period. Bank of America Corp DE’s holdings in Xenia Hotels & Resorts were worth $1,219,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Xenia Hotels & Resorts by 10.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 657 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at about $133,000. Daiwa Securities Group Inc. increased its stake in shares of Xenia Hotels & Resorts by 37.7% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 2,300 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at about $153,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at about $154,000. 66.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) traded down 1.06% on Friday, reaching $19.54. The company’s stock had a trading volume of 607,445 shares. The stock has a market cap of $2.09 billion, a PE ratio of 14.34 and a beta of 0.77. Xenia Hotels & Resorts, Inc. has a 1-year low of $14.84 and a 1-year high of $20.64. The company’s 50 day moving average is $19.88 and its 200-day moving average is $18.41.
Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. The firm had revenue of $244.39 million for the quarter, compared to analyst estimates of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. On average, equities analysts predict that Xenia Hotels & Resorts, Inc. will post $0.50 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://stocknewstimes.com/2017/08/19/xenia-hotels-resorts-inc-xhr-shares-bought-by-bank-of-america-corp-de.html.
Several equities research analysts recently issued reports on XHR shares. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday. BidaskClub raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley increased their price objective on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, June 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Xenia Hotels & Resorts currently has an average rating of “Buy” and a consensus price target of $21.25.
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 May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
Want to see what other hedge funds are holding XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xenia Hotels & Resorts, Inc. (NYSE:XHR).
Receive News & Ratings for Xenia Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
