State Street Corp lowered its stake in Xenia Hotels & Resorts Inc. (NYSE:XHR) by 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,523,225 shares of the real estate investment trust’s stock after selling 287,752 shares during the period. State Street Corp owned approximately 3.16% of Xenia Hotels & Resorts worth $55,035,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in XHR. Nationwide Fund Advisors increased its stake in shares of Xenia Hotels & Resorts by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 143,286 shares of the real estate investment trust’s stock valued at $2,197,000 after buying an additional 1,155 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Xenia Hotels & Resorts by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 206,986 shares of the real estate investment trust’s stock valued at $3,173,000 after buying an additional 3,333 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Xenia Hotels & Resorts by 3.1% in the fourth quarter. Rhumbline Advisers now owns 156,223 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 4,740 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Xenia Hotels & Resorts by 7.7% in the fourth quarter. New York State Common Retirement Fund now owns 109,900 shares of the real estate investment trust’s stock valued at $1,685,000 after buying an additional 7,900 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Xenia Hotels & Resorts by 5.9% in the fourth quarter. Morgan Stanley now owns 3,096,759 shares of the real estate investment trust’s stock valued at $47,472,000 after buying an additional 173,475 shares in the last quarter.
Xenia Hotels & Resorts Inc. (NYSE:XHR) traded down 0.28% during trading on Wednesday, reaching $17.59. The company’s stock had a trading volume of 420,620 shares. Xenia Hotels & Resorts Inc. has a 52-week low of $12.10 and a 52-week high of $21.16. The stock has a 50-day moving average price of $16.90 and a 200 day moving average price of $15.56. The company has a market cap of $1.90 billion and a PE ratio of 20.84.
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.275 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $1.10 annualized dividend and a dividend yield of 6.25%.
XHR has been the subject of several recent analyst reports. Wells Fargo & Co. initiated coverage on Xenia Hotels & Resorts in a research report on Monday, May 2nd. They set an “outperform” rating for the company. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, May 5th. Morgan Stanley restated a “hold” rating on shares of Xenia Hotels & Resorts in a research report on Thursday, May 12th. TheStreet upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. Finally, Raymond James Financial Inc. initiated coverage on Xenia Hotels & Resorts in a research report on Tuesday. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Xenia Hotels & Resorts has an average rating of “Hold” and a consensus price target of $17.67.
Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.
