Wealth Enhancement Advisory Services LLC lifted its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) by 61.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,688 shares of the real estate investment trust’s stock after acquiring an additional 6,753 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Xenia Hotels & Resorts were worth $263,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XHR. GF Fund Management CO. LTD. purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth about $30,000. Lazard Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth about $47,000. Finally, IFP Advisors Inc lifted its holdings in Xenia Hotels & Resorts by 16.5% during the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,250 shares during the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. KeyCorp lowered their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Morgan Stanley dropped their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Wells Fargo & Company dropped their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.50.
Xenia Hotels & Resorts Price Performance
Shares of NYSE:XHR opened at $11.94 on Monday. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The business has a fifty day moving average price of $11.27 and a 200-day moving average price of $13.14. The company has a market capitalization of $1.18 billion, a PE ratio of 51.92 and a beta of 1.66.
Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The company had revenue of $288.93 million during the quarter, compared to the consensus estimate of $276.51 million. During the same period last year, the company earned $0.44 EPS. Xenia Hotels & Resorts’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.
Xenia Hotels & Resorts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 4.69%. Xenia Hotels & Resorts’s payout ratio is 254.55%.
Xenia Hotels & Resorts declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 14th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.
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