Marshall Wace North America L.P. acquired a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 98,792 shares of the real estate investment trust’s stock, valued at approximately $1,877,000. Marshall Wace North America L.P. owned 0.09% of Xenia Hotels & Resorts as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Xenia Hotels & Resorts by 2.6% during the first quarter. Vanguard Group Inc. now owns 17,373,250 shares of the real estate investment trust’s stock worth $296,561,000 after acquiring an additional 442,613 shares during the period. BlackRock Inc. raised its stake in Xenia Hotels & Resorts by 5,506.3% during the first quarter. BlackRock Inc. now owns 9,533,515 shares of the real estate investment trust’s stock worth $162,736,000 after acquiring an additional 9,363,464 shares during the period. State Street Corp raised its stake in Xenia Hotels & Resorts by 4.0% during the first quarter. State Street Corp now owns 3,703,954 shares of the real estate investment trust’s stock worth $63,223,000 after acquiring an additional 140,948 shares during the period. Dimensional Fund Advisors LP raised its stake in Xenia Hotels & Resorts by 23.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,379,397 shares of the real estate investment trust’s stock worth $23,546,000 after acquiring an additional 260,152 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Xenia Hotels & Resorts by 10.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,288,677 shares of the real estate investment trust’s stock worth $24,962,000 after acquiring an additional 118,896 shares during the period. Hedge funds and other institutional investors own 64.98% of the company’s stock.

Several research firms recently weighed in on XHR. Morgan Stanley increased their price objective on shares of 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. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Instinet reiterated a “buy” rating and set a $22.00 price objective on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.25.

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Shares of Xenia Hotels & Resorts, Inc. (NYSE XHR) opened at 20.01 on Tuesday. Xenia Hotels & Resorts, Inc. has a 52 week low of $14.84 and a 52 week high of $20.64. The firm has a 50 day moving average of $19.88 and a 200 day moving average of $18.51. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 14.68 and a beta of 0.77.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $244.39 million during the quarter, compared to the consensus estimate of $231.65 million. During the same period last year, the firm posted $0.65 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. Equities analysts predict that Xenia Hotels & Resorts, Inc. will post $0.86 earnings per share for the current fiscal year.

Xenia Hotels & Resorts 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.

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

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