Raymond James Financial Services Advisors Inc. Grows Holdings in Xenia Hotels & Resorts, Inc. (XHR)

Raymond James Financial Services Advisors Inc. raised its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,199 shares of the real estate investment trust’s stock after purchasing an additional 1,901 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Xenia Hotels & Resorts were worth $585,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XHR. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Xenia Hotels & Resorts by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,568 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 571 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Xenia Hotels & Resorts in the first quarter valued at $154,000. GAM Holding AG increased its holdings in shares of Xenia Hotels & Resorts by 1.1% in the second quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 100 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Xenia Hotels & Resorts by 15.5% in the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 1,300 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Xenia Hotels & Resorts by 38.3% in the first quarter. SG Americas Securities LLC now owns 11,467 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 3,173 shares during the last quarter. Hedge funds and other institutional investors own 64.72% of the company’s stock.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the 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 during the quarter, compared to analyst estimates of $231.65 million. During the same quarter last year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend was Thursday, September 28th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 81.48%.

Several research firms have commented on XHR. FBR & Co began coverage on shares of Xenia Hotels & Resorts in a report on Friday, October 27th. They issued a “neutral” rating and a $23.00 price objective on the stock. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, October 11th. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an “outperform” rating in a report on Friday, October 6th. ValuEngine upgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. Finally, Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.67.

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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 October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 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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