Russell Investments Group Ltd. raised its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 13.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,109 shares of the real estate investment trust’s stock after buying an additional 34,443 shares during the period. Russell Investments Group Ltd. owned about 0.27% of Xenia Hotels & Resorts worth $5,658,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of XHR. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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. purchased a new stake in shares of Xenia Hotels & Resorts during the first quarter worth approximately $133,000. Daiwa Securities Group Inc. raised 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 worth $143,000 after buying an additional 2,300 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Xenia Hotels & Resorts during the first quarter worth approximately $153,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Xenia Hotels & Resorts during the first quarter worth approximately $154,000. Hedge funds and other institutional investors own 66.27% of the company’s stock.
Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) traded down 0.10% during trading on Tuesday, reaching $19.71. The company’s stock had a trading volume of 107,970 shares. The firm has a market cap of $2.10 billion, a PE ratio of 14.46 and a beta of 0.77. The stock’s 50 day moving average price is $19.89 and its 200-day moving average price is $18.42. Xenia Hotels & Resorts, Inc. has a 12 month low of $14.84 and a 12 month high of $20.64.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $244.39 million during the quarter, compared to analyst estimates of $231.65 million. During the same period in the previous year, the business earned $0.65 EPS. Xenia Hotels & Resorts’s revenue was down 6.5% compared to the same quarter last year. Equities analysts predict that Xenia Hotels & Resorts, Inc. will post $0.50 EPS for the current year.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “sell” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, August 15th. BidaskClub upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet upgraded Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. Finally, Morgan Stanley boosted their price target on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, June 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.25.
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 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.
