First Trust Advisors LP Has $7.41 Million Position in Xenia Hotels & Resorts Inc (NYSE:XHR)

First Trust Advisors LP boosted its position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 13.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 350,983 shares of the real estate investment trust’s stock after purchasing an additional 41,647 shares during the quarter. First Trust Advisors LP owned 0.31% of Xenia Hotels & Resorts worth $7,413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XHR. Nuveen Asset Management LLC acquired a new position in Xenia Hotels & Resorts during the second quarter valued at approximately $17,206,000. Morgan Stanley boosted its holdings in shares of Xenia Hotels & Resorts by 769.8% in the second quarter. Morgan Stanley now owns 524,838 shares of the real estate investment trust’s stock valued at $10,942,000 after buying an additional 464,495 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 2.0% in the second quarter. Vanguard Group Inc. now owns 18,344,971 shares of the real estate investment trust’s stock valued at $382,492,000 after buying an additional 361,134 shares during the period. Northern Trust Corp boosted its holdings in shares of Xenia Hotels & Resorts by 9.3% in the second quarter. Northern Trust Corp now owns 2,702,277 shares of the real estate investment trust’s stock valued at $56,343,000 after buying an additional 230,996 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Xenia Hotels & Resorts by 162.3% in the second quarter. Mackenzie Financial Corp now owns 362,800 shares of the real estate investment trust’s stock valued at $7,564,000 after buying an additional 224,500 shares during the period. Hedge funds and other institutional investors own 87.21% of the company’s stock.

Several research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $21.00 price target on shares of Xenia Hotels & Resorts in a report on Monday, November 4th. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their price target for the company from $26.00 to $22.00 in a report on Thursday, October 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.00.

Xenia Hotels & Resorts stock opened at $21.18 on Tuesday. The stock has a market capitalization of $2.34 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03. Xenia Hotels & Resorts Inc has a twelve month low of $16.47 and a twelve month high of $23.33. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $20.99 and a 200-day moving average of $21.18.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The company had revenue of $268.90 million during the quarter, compared to analysts’ expectations of $260.97 million. Xenia Hotels & Resorts had a net margin of 12.23% and a return on equity of 7.90%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities analysts anticipate that Xenia Hotels & Resorts Inc will post 2.08 EPS for the current fiscal year.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

See Also: Is the QQQ ETF safe?

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

Receive News & Ratings for Xenia Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.