Millennium Management LLC Sells 247,013 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Millennium Management LLC trimmed its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 29.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 602,725 shares of the real estate investment trust's stock after selling 247,013 shares during the period. Millennium Management LLC owned 0.59% of Xenia Hotels & Resorts worth $8,637,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Xenia Hotels & Resorts by 54.5% during the first quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust's stock worth $2,068,000 after purchasing an additional 48,576 shares during the period. Wellington Management Group LLP boosted its position in Xenia Hotels & Resorts by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust's stock valued at $138,067,000 after purchasing an additional 278,686 shares during the last quarter. Victory Capital Management Inc. grew its stake in Xenia Hotels & Resorts by 182.7% in the second quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust's stock valued at $906,000 after purchasing an additional 40,868 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Xenia Hotels & Resorts in the second quarter valued at about $2,345,000. Finally, Federated Hermes Inc. raised its stake in shares of Xenia Hotels & Resorts by 179,814.4% during the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust's stock worth $5,027,000 after purchasing an additional 350,638 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $16.00 to $15.00 in a report on Friday, September 13th. B. Riley cut their price target on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $15.30.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE XHR traded down $0.07 during trading hours on Wednesday, hitting $14.70. 707,384 shares of the stock were exchanged, compared to its average volume of 829,227. The firm has a market capitalization of $1.50 billion, a P/E ratio of 77.37 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a one year low of $10.92 and a one year high of $15.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 2.26. The company's 50 day moving average is $13.91 and its 200 day moving average is $14.24.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The business had revenue of $272.90 million during the quarter, compared to analyst estimates of $275.66 million. During the same period in the prior year, the business posted $0.47 earnings per share. The company's revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current year.

Xenia Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, September 30th. Xenia Hotels & Resorts's payout ratio is presently 252.63%.

Xenia Hotels & Resorts Profile

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.