Cambridge Investment Research Advisors Inc. Sells 2,426 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Cambridge Investment Research Advisors Inc. lowered its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,095 shares of the real estate investment trust’s stock after selling 2,426 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Xenia Hotels & Resorts were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Xenia Hotels & Resorts by 2.2% during the third quarter. Vanguard Group Inc. now owns 19,789,858 shares of the real estate investment trust’s stock worth $272,901,000 after purchasing an additional 426,724 shares during the period. State Street Corp grew its position in Xenia Hotels & Resorts by 0.3% during the second quarter. State Street Corp now owns 7,321,885 shares of the real estate investment trust’s stock worth $106,387,000 after buying an additional 18,499 shares in the last quarter. Centersquare Investment Management LLC grew its position in Xenia Hotels & Resorts by 3.7% during the third quarter. Centersquare Investment Management LLC now owns 7,023,303 shares of the real estate investment trust’s stock worth $96,852,000 after buying an additional 248,723 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Xenia Hotels & Resorts by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,014,961 shares of the real estate investment trust’s stock worth $38,869,000 after buying an additional 67,346 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Xenia Hotels & Resorts by 7.9% during the third quarter. Nuveen Asset Management LLC now owns 1,761,046 shares of the real estate investment trust’s stock worth $24,285,000 after buying an additional 128,558 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

XHR has been the topic of a number of analyst reports. Wells Fargo & Company downgraded Xenia Hotels & Resorts from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $18.00 to $13.00 in a research report on Thursday, March 30th. StockNews.com initiated coverage on Xenia Hotels & Resorts in a research report on Thursday, May 18th. They set a “sell” rating on the stock. B. Riley reduced their price target on Xenia Hotels & Resorts from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Oppenheimer reaffirmed a “market perform” rating and issued a $16.00 target price on shares of Xenia Hotels & Resorts in a report on Monday, March 6th. Finally, Morgan Stanley reduced their target price on Xenia Hotels & Resorts from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, March 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

Xenia Hotels & Resorts Stock Down 0.6 %

Shares of XHR opened at $11.76 on Friday. Xenia Hotels & Resorts, Inc. has a 52 week low of $11.59 and a 52 week high of $19.57. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 19.60 and a beta of 1.49. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.06 and a current ratio of 4.06. The stock has a fifty day moving average of $12.64 and a 200-day moving average of $13.69.

Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Xenia Hotels & Resorts had a net margin of 6.39% and a return on equity of 4.98%. As a group, sell-side analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.39 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, June 29th. Xenia Hotels & Resorts’s payout ratio is 66.67%.

About Xenia Hotels & Resorts

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Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.