Xenia Hotels & Resorts Inc (XHR) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 345.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 944,880 shares of the real estate investment trust’s stock after buying an additional 732,802 shares during the quarter. Millennium Management LLC owned approximately 0.84% of Xenia Hotels & Resorts worth $23,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of XHR. NumerixS Investment Technologies Inc grew its stake in Xenia Hotels & Resorts by 840.0% during the second quarter. NumerixS Investment Technologies Inc now owns 4,700 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 4,200 shares during the last quarter. Lincoln National Corp bought a new stake in Xenia Hotels & Resorts during the second quarter worth about $209,000. NEXT Financial Group Inc bought a new stake in Xenia Hotels & Resorts during the first quarter worth about $213,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $214,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $215,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

XHR has been the topic of several research analyst reports. ValuEngine raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Jefferies Financial Group initiated coverage on shares of Xenia Hotels & Resorts in a research note on Thursday, May 31st. They set a “buy” rating and a $29.00 price target on the stock. Morgan Stanley increased their price target on shares of Xenia Hotels & Resorts from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Wells Fargo & Co decreased their price target on shares of Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 28th. Finally, B. Riley cut shares of Xenia Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the company from $26.00 to $24.00 in a research note on Friday, June 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Xenia Hotels & Resorts presently has a consensus rating of “Buy” and a consensus target price of $25.29.

XHR opened at $23.57 on Thursday. Xenia Hotels & Resorts Inc has a one year low of $19.08 and a one year high of $25.90. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.65 billion, a PE ratio of 11.44, a P/E/G ratio of 1.87 and a beta of 0.89.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.37). Xenia Hotels & Resorts had a net margin of 10.33% and a return on equity of 6.23%. The company had revenue of $277.10 million for the quarter, compared to the consensus estimate of $272.14 million. During the same period last year, the company earned $0.59 earnings per share. Xenia Hotels & Resorts’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities analysts anticipate that Xenia Hotels & Resorts Inc will post 2.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a $0.275 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.10 annualized dividend and a yield of 4.67%. Xenia Hotels & Resorts’s dividend payout ratio is currently 53.40%.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.

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

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