Diversified Trust Co acquired a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,228 shares of the real estate investment trust's stock, valued at approximately $367,000.
Several other institutional investors also recently modified their holdings of XHR. State of Alaska Department of Revenue boosted its stake in Xenia Hotels & Resorts by 3.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 142,248 shares of the real estate investment trust's stock valued at $2,065,000 after buying an additional 4,340 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Xenia Hotels & Resorts in the 1st quarter valued at $386,000. Eaton Vance Management boosted its stake in Xenia Hotels & Resorts by 5.0% in the 1st quarter. Eaton Vance Management now owns 12,480 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 597 shares in the last quarter. State Street Corp boosted its stake in Xenia Hotels & Resorts by 12.8% in the 1st quarter. State Street Corp now owns 7,303,386 shares of the real estate investment trust's stock valued at $140,882,000 after buying an additional 828,429 shares in the last quarter. Finally, Waterfront Capital Partners LLC acquired a new stake in Xenia Hotels & Resorts in the 1st quarter valued at $18,914,000. Institutional investors and hedge funds own 87.89% of the company's stock.
Get Xenia Hotels & Resorts alerts:Analyst Ratings Changes
XHR has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Xenia Hotels & Resorts from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, August 29th. KeyCorp reduced their price objective on Xenia Hotels & Resorts from $21.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.33.
Xenia Hotels & Resorts Trading Down 2.8 %
XHR stock opened at $14.12 on Friday. The company has a market cap of $1.61 billion, a P/E ratio of -67.23 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a twelve month low of $13.18 and a twelve month high of $20.41. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $16.42 and a 200-day moving average of $17.22.Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last released its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.15). The firm had revenue of $283.45 million for the quarter, compared to the consensus estimate of $257.47 million. Xenia Hotels & Resorts had a negative return on equity of 1.57% and a negative net margin of 2.62%. As a group, equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.49 EPS for the current year.
Xenia Hotels & Resorts Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.83%.
Xenia Hotels & Resorts Company Profile
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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 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states.
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