Xenia Hotels & Resorts, Inc. (XHR) Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 41.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,081 shares of the real estate investment trust’s stock after purchasing an additional 4,421 shares during the quarter. Royal Bank of Canada’s holdings in Xenia Hotels & Resorts were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. GAM Holding AG increased its position in Xenia Hotels & Resorts by 1.1% during the 2nd 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 period. Goodwin Daniel L grew its position in shares of Xenia Hotels & Resorts by 0.8% in the 2nd quarter. Goodwin Daniel L now owns 59,678 shares of the real estate investment trust’s stock worth $1,156,000 after buying an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Xenia Hotels & Resorts by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,568 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 571 shares during the period. Amalgamated Bank grew its position in shares of Xenia Hotels & Resorts by 5.0% in the 2nd quarter. Amalgamated Bank now owns 13,657 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 652 shares during the period. Finally, Utah Retirement Systems grew its position in shares of Xenia Hotels & Resorts by 9.8% in the 2nd quarter. Utah Retirement Systems now owns 11,200 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 68.10% of the company’s stock.

XHR has been the topic of a number of analyst reports. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, October 11th. Instinet restated a “buy” rating and set a $22.00 target price on shares of Xenia Hotels & Resorts in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.86.

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Shares of Xenia Hotels & Resorts, Inc. (NYSE XHR) opened at $21.81 on Monday. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $16.21 and a fifty-two week high of $22.30. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2,327.78, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 2.27 and a beta of 0.81.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.38. The firm had revenue of $223.28 million during the quarter, compared to analyst estimates of $219.67 million. Xenia Hotels & Resorts had a net margin of 15.23% and a return on equity of 8.34%. Xenia Hotels & Resorts’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. equities research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.92 earnings per share for the current year.

About Xenia Hotels & Resorts

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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