Ladenburg Thalmann Financial Services Inc. Decreases Position in Xenia Hotels & Resorts Inc (XHR)

Ladenburg Thalmann Financial Services Inc. reduced its stake in Xenia Hotels & Resorts Inc (NYSE:XHR) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,160 shares of the real estate investment trust’s stock after selling 5,641 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Xenia Hotels & Resorts were worth $2,358,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in XHR. Crewe Advisors LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $126,000. MML Investors Services LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $217,000. Allianz Asset Management GmbH bought a new position in shares of Xenia Hotels & Resorts during the third quarter valued at approximately $215,000. Two Sigma Securities LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $236,000. Finally, Sei Investments Co. increased its stake in shares of Xenia Hotels & Resorts by 27.0% during the third quarter. Sei Investments Co. now owns 11,000 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 2,338 shares in the last quarter. 72.89% of the stock is owned by institutional investors.

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Shares of XHR stock opened at $19.34 on Friday. Xenia Hotels & Resorts Inc has a fifty-two week low of $16.21 and a fifty-two week high of $22.76. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.80. The company has a market cap of $2,124.81, a P/E ratio of 21.02, a PEG ratio of 1.94 and a beta of 0.90.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.07. Xenia Hotels & Resorts had a net margin of 10.46% and a return on equity of 5.99%. The firm had revenue of $259.10 million for the quarter, compared to analysts’ expectations of $243.21 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. sell-side analysts forecast that Xenia Hotels & Resorts Inc will post 2.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend is Wednesday, March 28th. Xenia Hotels & Resorts’s payout ratio is 119.57%.

XHR has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, December 6th. Morgan Stanley cut their price target on shares of Xenia Hotels & Resorts from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. B. Riley upgraded shares of Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Wednesday, February 28th. Finally, ValuEngine cut shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Xenia Hotels & Resorts has a consensus rating of “Buy” and a consensus target price of $22.00.

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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 October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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

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