Bank of New York Mellon Corp grew its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,026,342 shares of the real estate investment trust’s stock after buying an additional 38,030 shares during the period. Bank of New York Mellon Corp owned 0.96% of Xenia Hotels & Resorts worth $19,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of XHR. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $119,000 after buying an additional 657 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings 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 last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Xenia Hotels & Resorts in the first quarter worth $153,000. New York State Teachers Retirement System purchased a new position in shares of Xenia Hotels & Resorts in the first quarter worth $154,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Xenia Hotels & Resorts in the first quarter worth $171,000. 64.98% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have issued reports on XHR. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Saturday. BidaskClub raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet raised shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. Morgan Stanley raised 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 report on Friday, June 16th. Finally, Instinet reaffirmed a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Xenia Hotels & Resorts presently has an average rating of “Buy” and a consensus price target of $21.50.

Xenia Hotels & Resorts, Inc. (NYSE:XHR) opened at 20.55 on Monday. The firm has a 50 day moving average of $20.30 and a 200-day moving average of $19.01. Xenia Hotels & Resorts, Inc. has a 12-month low of $14.84 and a 12-month high of $21.10. The stock has a market cap of $2.19 billion, a PE ratio of 15.08 and a beta of 0.77.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.41. The firm had revenue of $244.39 million for the quarter, compared to analysts’ expectations of $231.65 million. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. On average, analysts expect that Xenia Hotels & Resorts, Inc. will post $0.90 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.275 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a yield of 5.35%. Xenia Hotels & Resorts’s payout ratio is 81.48%.

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.

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

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