GW&K Investment Management LLC increased its holdings in Xenia Hotels & Resorts Inc (NYSE:XHR) by 20.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,044 shares of the real estate investment trust’s stock after purchasing an additional 3,124 shares during the quarter. GW&K Investment Management LLC’s holdings in Xenia Hotels & Resorts were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of XHR. Millennium Management LLC raised its holdings in Xenia Hotels & Resorts by 345.5% in the 2nd quarter. Millennium Management LLC now owns 944,880 shares of the real estate investment trust’s stock worth $23,017,000 after acquiring an additional 732,802 shares during the last quarter. Renaissance Technologies LLC raised its stake in Xenia Hotels & Resorts by 51.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,786,300 shares of the real estate investment trust’s stock valued at $43,514,000 after buying an additional 605,600 shares during the last quarter. Northern Trust Corp raised its stake in Xenia Hotels & Resorts by 30.8% during the 2nd quarter. Northern Trust Corp now owns 2,525,312 shares of the real estate investment trust’s stock valued at $61,517,000 after buying an additional 594,326 shares during the last quarter. BlackRock Inc. raised its stake in Xenia Hotels & Resorts by 5.2% during the 2nd quarter. BlackRock Inc. now owns 10,635,774 shares of the real estate investment trust’s stock valued at $259,088,000 after buying an additional 522,139 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Xenia Hotels & Resorts by 33.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,354,113 shares of the real estate investment trust’s stock valued at $32,990,000 after buying an additional 341,242 shares during the last quarter. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts stock traded down $0.44 during midday trading on Friday, reaching $19.88. The stock had a trading volume of 920,615 shares, compared to its average volume of 447,112. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.95 and a quick ratio of 1.95. Xenia Hotels & Resorts Inc has a 52-week low of $19.08 and a 52-week high of $25.90. The firm has a market capitalization of $2.29 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 1.59 and a beta of 1.03.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.35). The company had revenue of $241.00 million for the quarter, compared to analysts’ expectations of $240.55 million. Xenia Hotels & Resorts had a return on equity of 5.96% and a net margin of 9.93%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. Research analysts anticipate that Xenia Hotels & Resorts Inc will post 2.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, December 28th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.40%.

In other Xenia Hotels & Resorts news, insider Marcel Verbaas acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were purchased at an average cost of $19.99 per share, for a total transaction of $99,950.00. Following the completion of the purchase, the insider now owns 100,726 shares in the company, valued at $2,013,512.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.

Several brokerages recently weighed in on XHR. ValuEngine downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, October 5th. B. Riley set a $25.00 price objective on shares of Xenia Hotels & Resorts and gave the company a “hold” rating in a report on Tuesday, November 6th. Finally, Wells Fargo & Co dropped their price objective on shares of Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, August 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.67.

COPYRIGHT VIOLATION WARNING: “GW&K Investment Management LLC Acquires 3,124 Shares of Xenia Hotels & Resorts Inc (XHR)” was originally reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.mareainformativa.com/news/2018/12/08/xenia-hotels-resorts-inc-xhr-shares-bought-by-gwk-investment-management-llc-updated-updated-updated.html.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,239 rooms, across 17 states and the District of Columbia.

Further Reading: Market Capitalization in the Stock Market

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

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