Bank of New York Mellon Corp Trims Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Bank of New York Mellon Corp cut its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,248,962 shares of the real estate investment trust’s stock after selling 30,576 shares during the period. Bank of New York Mellon Corp owned approximately 1.14% of Xenia Hotels & Resorts worth $16,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XHR. Ronald Blue Trust Inc. raised its stake in Xenia Hotels & Resorts by 63.1% during the 1st quarter. Ronald Blue Trust Inc. now owns 2,003 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 775 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Xenia Hotels & Resorts during the 1st quarter valued at approximately $31,000. Point72 Hong Kong Ltd purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at approximately $76,000. Retirement Group LLC raised its stake in shares of Xenia Hotels & Resorts by 1,735.0% during the 4th quarter. Retirement Group LLC now owns 8,955 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 8,467 shares in the last quarter. Finally, Point72 Middle East FZE purchased a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $122,000. 90.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XHR shares. B. Riley cut their target price on Xenia Hotels & Resorts from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 14th. Wells Fargo & Company cut their target price on Xenia Hotels & Resorts from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. StockNews.com started coverage on Xenia Hotels & Resorts in a research note on Thursday, August 17th. They set a “sell” rating for the company. Finally, Morgan Stanley cut their target price on Xenia Hotels & Resorts from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Hold” and an average price target of $15.00.

Xenia Hotels & Resorts Stock Performance

NYSE XHR opened at $12.07 on Wednesday. Xenia Hotels & Resorts, Inc. has a 1-year low of $10.90 and a 1-year high of $17.36. The company has a market capitalization of $1.29 billion, a P/E ratio of 25.15 and a beta of 1.48. The business has a 50 day moving average price of $12.17 and a 200 day moving average price of $12.68. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.50 and a quick ratio of 3.50.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). Xenia Hotels & Resorts had a net margin of 5.14% and a return on equity of 4.07%. The firm had revenue of $271.07 million during the quarter, compared to analysts’ expectations of $274.90 million. Sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.38 EPS for the current fiscal year.

Xenia Hotels & Resorts Company 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.