Amalgamated Bank lessened its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,181 shares of the real estate investment trust's stock after selling 2,638 shares during the quarter. Amalgamated Bank's holdings in Xenia Hotels & Resorts were worth $987,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Xenia Hotels & Resorts by 17.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,224 shares of the real estate investment trust's stock worth $737,000 after acquiring an additional 5,635 shares during the last quarter. Inspire Investing LLC purchased a new position in Xenia Hotels & Resorts during the first quarter worth approximately $235,000. Oppenheimer Asset Management Inc. boosted its stake in Xenia Hotels & Resorts by 12.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 25,296 shares of the real estate investment trust's stock worth $487,000 after buying an additional 2,711 shares during the last quarter. Monarch Partners Asset Management LLC boosted its stake in Xenia Hotels & Resorts by 8.3% during the first quarter. Monarch Partners Asset Management LLC now owns 327,883 shares of the real estate investment trust's stock worth $6,325,000 after buying an additional 25,161 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Xenia Hotels & Resorts by 22.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,578,685 shares of the real estate investment trust's stock worth $28,589,000 after buying an additional 293,039 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 Price Performance
NYSE:XHR opened at $14.31 on Thursday. Xenia Hotels & Resorts, Inc. has a 52 week low of $13.18 and a 52 week 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 company has a market capitalization of $1.64 billion, a P/E ratio of -68.14 and a beta of 1.47. The stock's fifty day moving average is $16.35 and its two-hundred day moving average is $17.14.
Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last posted its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.15). Xenia Hotels & Resorts had a negative net margin of 2.62% and a negative return on equity of 1.57%. The business had revenue of $283.45 million during the quarter, compared to analysts' expectations of $257.47 million. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.80%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Wells Fargo & Company lowered their price objective 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 lowered 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.33.
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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