Sii Investments Inc. WI lowered its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 47.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,895 shares of the real estate investment trust’s stock after selling 14,540 shares during the period. Sii Investments Inc. WI’s holdings in Xenia Hotels & Resorts were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Xenia Hotels & Resorts by 38.1% during the first quarter. Principal Financial Group Inc. now owns 19,653 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 5,420 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Xenia Hotels & Resorts by 11.5% during the second quarter. IndexIQ Advisors LLC now owns 129,175 shares of the real estate investment trust’s stock valued at $2,502,000 after buying an additional 13,298 shares during the period. Virginia Retirement Systems ET AL increased its stake in shares of Xenia Hotels & Resorts by 1,705.0% during the second quarter. Virginia Retirement Systems ET AL now owns 180,500 shares of the real estate investment trust’s stock valued at $3,496,000 after buying an additional 170,500 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Xenia Hotels & Resorts during the first quarter valued at $154,000. Finally, BlackRock Inc. increased its stake in shares of 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 valued at $162,736,000 after buying an additional 9,363,464 shares during the period. Hedge funds and other institutional investors own 64.98% of the company’s stock.

Xenia Hotels & Resorts, Inc. (XHR) opened at 21.39 on Friday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 15.69 and a beta of 0.80. The firm has a 50-day moving average price of $20.75 and a 200 day moving average price of $20.75. Xenia Hotels & Resorts, Inc. has a 1-year low of $15.00 and a 1-year high of $21.49.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.10 annualized dividend and a yield of 5.14%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 81.48%.

Several equities analysts have recently commented on the company. TheStreet lowered Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research note on Tuesday, September 26th. Wells Fargo & Company raised their price target on Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an “outperform” rating in a research note on Friday. ValuEngine upgraded Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Xenia Hotels & Resorts has an average rating of “Buy” and an average price target of $21.40.

TRADEMARK VIOLATION WARNING: “Sii Investments Inc. WI Cuts Stake in Xenia Hotels & Resorts, Inc. (XHR)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/08/sii-investments-inc-wi-cuts-stake-in-xenia-hotels-resorts-inc-xhr.html.

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.

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).

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.