Commonwealth Equity Services LLC Sells 3,577 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Commonwealth Equity Services LLC cut its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,756 shares of the real estate investment trust’s stock after selling 3,577 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.19% of Xenia Hotels & Resorts worth $2,908,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. VitalStone Financial LLC grew its stake in Xenia Hotels & Resorts by 54.4% in the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 875 shares in the last quarter. Principal Securities Inc. acquired a new position in Xenia Hotels & Resorts during the fourth quarter worth $64,000. International Assets Investment Management LLC increased its holdings in Xenia Hotels & Resorts by 1,274.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 4,561 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Xenia Hotels & Resorts during the fourth quarter worth $74,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Xenia Hotels & Resorts in the first quarter valued at $168,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on XHR shares. Wells Fargo & Company raised their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. KeyCorp boosted their target price on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $15.70.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR traded down $0.09 during mid-day trading on Friday, hitting $13.81. 85,219 shares of the stock were exchanged, compared to its average volume of 819,679. The firm’s 50-day simple moving average is $14.35 and its 200 day simple moving average is $14.15. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 72.95 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $10.90 and a fifty-two week high of $15.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.24 and a current ratio of 2.24.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). The firm had revenue of $267.49 million for the quarter, compared to analyst estimates of $258.80 million. Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. As a group, equities analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.56 EPS for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.48%. Xenia Hotels & Resorts’s payout ratio is presently 252.63%.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.