Xenia Hotels & Resorts, Inc. (NYSE:XHR) Stake Lowered by Morgan Stanley

Morgan Stanley decreased its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800,882 shares of the real estate investment trust’s stock after selling 151,865 shares during the period. Morgan Stanley owned 1.69% of Xenia Hotels & Resorts worth $30,741,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 valued at $119,000 after buying an additional 657 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at approximately $133,000. Daiwa Securities Group Inc. raised its stake 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 valued at $143,000 after buying an additional 2,300 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at approximately $153,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at approximately $171,000. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Shares of Xenia Hotels & Resorts, Inc. (NYSE XHR) traded up 0.25% during mid-day trading on Friday, hitting $20.25. 299,969 shares of the stock traded hands. The firm’s 50 day moving average price is $19.86 and its 200-day moving average price is $18.30. Xenia Hotels & Resorts, Inc. has a 12-month low of $14.84 and a 12-month high of $20.43. The stock has a market cap of $2.16 billion, a P/E ratio of 21.41 and a beta of 0.75.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. Xenia Hotels & Resorts had a net margin of 11.02% and a return on equity of 6.29%. The business had revenue of $218.50 million for the quarter, compared to analysts’ expectations of $205.54 million. During the same quarter last year, the company earned $0.43 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. Analysts predict that Xenia Hotels & Resorts, Inc. will post $0.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.275 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.10 dividend on an annualized basis and a yield of 5.43%. Xenia Hotels & Resorts’s dividend payout ratio is presently 117.02%.

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XHR has been the topic of several research analyst reports. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. Morgan Stanley lifted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, June 16th. BidaskClub lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.75.

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 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.

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

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