New York State Teachers Retirement System purchased a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the first quarter, according to its most recent disclosure with the SEC. The fund purchased 9,000 shares of the real estate investment trust’s stock, valued at approximately $154,000.
Several other institutional investors have also recently added to or reduced their stakes in XHR. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Xenia Hotels & Resorts by 10.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 657 shares during the period. James Investment Research Inc. purchased a new position in Xenia Hotels & Resorts during the first quarter worth about $133,000. Daiwa Securities Group Inc. increased its position in Xenia Hotels & Resorts by 37.7% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 2,300 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Xenia Hotels & Resorts during the first quarter worth about $153,000. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Xenia Hotels & Resorts during the first quarter worth approximately $171,000. Hedge funds and other institutional investors own 64.29% of the company’s stock.
Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) traded down 0.20% during trading on Friday, reaching $19.50. The company had a trading volume of 401,095 shares. The company’s 50 day moving average is $19.89 and its 200-day moving average is $18.38. Xenia Hotels & Resorts, Inc. has a 1-year low of $14.84 and a 1-year high of $20.64. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.31 and a beta of 0.77.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The company had revenue of $244.39 million for the quarter, compared to analyst estimates of $231.65 million. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Xenia Hotels & Resorts, Inc. will post $0.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.64%. The ex-dividend date was Wednesday, June 28th. Xenia Hotels & Resorts’s payout ratio is 81.48%.
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A number of equities analysts recently commented on the company. BidaskClub raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. Finally, Morgan Stanley raised their target price on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.75.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
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