Chicago Equity Partners LLC acquired a new stake in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,770 shares of the real estate investment trust’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in shares of Xenia Hotels & Resorts by 1,423.5% in the 1st quarter. Bank of Montreal Can now owns 65,860 shares of the real estate investment trust’s stock worth $1,124,000 after acquiring an additional 61,537 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 0.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 104,848 shares of the real estate investment trust’s stock worth $1,790,000 after acquiring an additional 479 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Xenia Hotels & Resorts by 6.4% in the 1st quarter. First Trust Advisors LP now owns 188,453 shares of the real estate investment trust’s stock worth $3,217,000 after acquiring an additional 11,364 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 37.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Xenia Hotels & Resorts by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 988,312 shares of the real estate investment trust’s stock worth $16,871,000 after acquiring an additional 50,952 shares in the last quarter. 64.98% of the stock is currently owned by institutional investors.

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Xenia Hotels & Resorts Inc (XHR) opened at 20.15 on Tuesday. The stock has a 50 day moving average price of $19.84 and a 200 day moving average price of $18.55. The firm has a market capitalization of $2.15 billion, a P/E ratio of 14.78 and a beta of 0.77. Xenia Hotels & Resorts Inc has a one year low of $14.84 and a one year high of $20.64.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.41. The business had revenue of $244.39 million for the quarter, compared to analyst estimates of $231.65 million. Xenia Hotels & Resorts had a net margin of 29.05% and a return on equity of 17.06%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts predict that Xenia Hotels & Resorts Inc will post $0.90 EPS for the current fiscal year.

Several research analysts have recently commented on XHR shares. Instinet reissued a “buy” rating and issued a $22.00 target price on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. Morgan Stanley boosted their target price on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, June 16th. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. Finally, BidaskClub downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $21.25.

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.

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

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