Bessemer Group Inc. Acquires 55,200 Shares of Xenia Hotels & Resorts, Inc. (XHR)

Bessemer Group Inc. raised its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 125.2% during the second quarter, Holdings Channel reports. The fund owned 99,300 shares of the real estate investment trust’s stock after buying an additional 55,200 shares during the period. Bessemer Group Inc.’s holdings in Xenia Hotels & Resorts were worth $1,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XHR. Boston Advisors LLC boosted its position in shares of Xenia Hotels & Resorts by 5.7% in the second quarter. Boston Advisors LLC now owns 387,120 shares of the real estate investment trust’s stock valued at $7,499,000 after buying an additional 20,820 shares during the last quarter. Goodwin Daniel L boosted its position in shares of Xenia Hotels & Resorts by 0.8% in the second quarter. Goodwin Daniel L now owns 59,678 shares of the real estate investment trust’s stock valued at $1,156,000 after buying an additional 500 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Xenia Hotels & Resorts by 315.2% in the second quarter. Acadian Asset Management LLC now owns 359,119 shares of the real estate investment trust’s stock valued at $6,957,000 after buying an additional 272,623 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Xenia Hotels & Resorts by 13.4% in the second quarter. Russell Investments Group Ltd. now owns 292,109 shares of the real estate investment trust’s stock valued at $5,658,000 after buying an additional 34,443 shares during the last quarter. Finally, Forsta AP Fonden acquired a new position in shares of Xenia Hotels & Resorts during the second quarter valued at about $843,000. Institutional investors own 64.29% of the company’s stock.

Shares of Xenia Hotels & Resorts, Inc. (XHR) opened at 19.54 on Friday. Xenia Hotels & Resorts, Inc. has a 52-week low of $14.84 and a 52-week high of $20.64. The firm’s 50 day moving average is $19.89 and its 200 day moving average is $18.38. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 14.34 and a beta of 0.77.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a return on equity of 8.96% and a net margin of 15.99%. The business had revenue of $244.39 million during the quarter, compared to the consensus estimate of $231.65 million. During the same period in the previous year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts expect that Xenia Hotels & Resorts, Inc. will post $0.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date was Wednesday, June 28th. Xenia Hotels & Resorts’s dividend payout ratio is presently 81.48%.

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Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. TheStreet raised shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, June 21st. Finally, Morgan Stanley increased their price target on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.75.

About Xenia Hotels & Resorts

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.

Want to see what other hedge funds are holding XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xenia Hotels & Resorts, Inc. (NYSE:XHR).

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

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