Nomura Asset Management Co. Ltd. Sells 860 Shares of Xenia Hotels & Resorts, Inc. (XHR)

Nomura Asset Management Co. Ltd. lowered its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,720 shares of the real estate investment trust’s stock after selling 860 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Xenia Hotels & Resorts worth $1,190,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen Asset Management LLC increased its position in shares of Xenia Hotels & Resorts by 334.6% in the first quarter. Nuveen Asset Management LLC now owns 500,762 shares of the real estate investment trust’s stock valued at $8,548,000 after buying an additional 385,540 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Xenia Hotels & Resorts by 1.6% in the first quarter. Public Employees Retirement System of Ohio now owns 126,595 shares of the real estate investment trust’s stock valued at $2,161,000 after buying an additional 1,939 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Xenia Hotels & Resorts by 37.8% in the first quarter. Goldman Sachs Group Inc. now owns 453,477 shares of the real estate investment trust’s stock valued at $7,740,000 after buying an additional 124,476 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Xenia Hotels & Resorts by 19.1% in the first quarter. AQR Capital Management LLC now owns 343,947 shares of the real estate investment trust’s stock valued at $5,871,000 after buying an additional 55,056 shares during the last quarter. Finally, State Street Corp increased its position in shares of Xenia Hotels & Resorts by 4.0% in the first quarter. State Street Corp now owns 3,703,954 shares of the real estate investment trust’s stock valued at $63,223,000 after buying an additional 140,948 shares during the last quarter. 63.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Xenia Hotels & Resorts, Inc. (XHR) opened at 19.65 on Wednesday. The firm’s 50-day moving average is $18.83 and its 200-day moving average is $18.21. Xenia Hotels & Resorts, Inc. has a one year low of $14.84 and a one year high of $20.14. The company has a market cap of $2.10 billion, a PE ratio of 20.77 and a beta of 0.75.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The business had revenue of $218.50 million for the quarter, compared to analysts’ expectations of $205.54 million. Xenia Hotels & Resorts had a net margin of 11.02% and a return on equity of 6.29%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. On average, equities analysts anticipate that Xenia Hotels & Resorts, Inc. will post $0.44 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.10 dividend on an annualized basis and a yield of 5.60%. Xenia Hotels & Resorts’s dividend payout ratio is currently 117.02%.

ILLEGAL ACTIVITY WARNING: “Nomura Asset Management Co. Ltd. Sells 860 Shares of Xenia Hotels & Resorts, Inc. (XHR)” was published by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/nomura-asset-management-co-ltd-sells-860-shares-of-xenia-hotels-resorts-inc-xhr/1180490.html.

Several brokerages have commented on XHR. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. Morgan Stanley lifted their price objective on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Saturday, May 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.75.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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

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

 


Latest News

Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana


Leave a Reply

 
© 2006-2017 BBNS.