Ameriprise Financial Inc. raised its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 354.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 180,199 shares of the real estate investment trust’s stock after buying an additional 140,559 shares during the period. Ameriprise Financial Inc. owned approximately 0.17% of Xenia Hotels & Resorts worth $3,076,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 during the last quarter. James Investment Research Inc. purchased a new position in shares of Xenia Hotels & Resorts during the first quarter valued at about $133,000. Daiwa Securities Group Inc. increased its position 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 during the last quarter. Teza Capital Management LLC increased its position in shares of Xenia Hotels & Resorts by 28.2% in the first quarter. Teza Capital Management LLC now owns 12,856 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 2,828 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in shares of Xenia Hotels & Resorts during the first quarter valued at about $224,000. 64.30% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts, Inc. (XHR) traded down 1.24% on Thursday, reaching $19.90. 312,245 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.13 billion, a PE ratio of 21.17 and a beta of 0.77. Xenia Hotels & Resorts, Inc. has a 12 month low of $14.84 and a 12 month high of $20.59. The firm has a 50 day moving average of $19.90 and a 200 day moving average of $18.31.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The firm had revenue of $218.50 million for the quarter, compared to analysts’ expectations of $205.54 million. Xenia Hotels & Resorts had a return on equity of 6.29% and a net margin of 11.02%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. Equities analysts predict that Xenia Hotels & Resorts, Inc. will post $0.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 5.53%. The ex-dividend date was Wednesday, June 28th. Xenia Hotels & Resorts’s payout ratio is 117.02%.

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Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. Morgan Stanley upped their price target on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, June 16th. Finally, TheStreet raised shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.75.

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.

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

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