State of Alaska Department of Revenue boosted its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 3.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 142,248 shares of the real estate investment trust's stock after acquiring an additional 4,340 shares during the period. State of Alaska Department of Revenue's holdings in Xenia Hotels & Resorts were worth $2,065,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Eaton Vance Management increased its position in shares of Xenia Hotels & Resorts by 5.0% during the 1st quarter. Eaton Vance Management now owns 12,480 shares of the real estate investment trust's stock valued at $241,000 after purchasing an additional 597 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Xenia Hotels & Resorts by 1.3% during the 1st quarter. Maryland State Retirement & Pension System now owns 45,798 shares of the real estate investment trust's stock valued at $883,000 after purchasing an additional 598 shares during the last quarter. Sei Investments Co. increased its position in shares of Xenia Hotels & Resorts by 2.9% during the 1st quarter. Sei Investments Co. now owns 23,374 shares of the real estate investment trust's stock valued at $465,000 after purchasing an additional 666 shares during the last quarter. abrdn plc increased its position in shares of Xenia Hotels & Resorts by 3.2% during the 1st quarter. abrdn plc now owns 25,280 shares of the real estate investment trust's stock valued at $493,000 after purchasing an additional 794 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Xenia Hotels & Resorts by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 16,457 shares of the real estate investment trust's stock valued at $317,000 after purchasing an additional 854 shares during the last quarter. Hedge funds and other institutional investors own 87.89% of the company's stock.
Get Xenia Hotels & Resorts alerts:Xenia Hotels & Resorts Trading Down 2.8 %
Xenia Hotels & Resorts stock opened at $14.12 on Friday. The firm has a 50 day moving average of $16.42 and a 200 day moving average of $17.21. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -67.23 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a 12-month low of $13.18 and a 12-month high of $20.41. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.97.
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 (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.15). Xenia Hotels & Resorts had a negative return on equity of 1.57% and a negative net margin of 2.62%. The firm had revenue of $283.45 million during the quarter, compared to analysts' expectations of $257.47 million. As a group, research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.49 earnings per share for the current year.Xenia Hotels & Resorts Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.40 annualized dividend and a yield of 2.83%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on XHR shares. Wells Fargo & Company reduced their price target on shares of Xenia Hotels & Resorts from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, August 29th. KeyCorp reduced their price target on shares of Xenia Hotels & Resorts from $21.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $20.33.
About Xenia Hotels & Resorts
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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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