Raymond James Financial Services Advisors Inc. lessened its position in Xenia Hotels & Resorts Inc (NYSE:XHR) by 21.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,819 shares of the real estate investment trust’s stock after selling 6,678 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Xenia Hotels & Resorts were worth $514,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH bought a new stake in shares of Xenia Hotels & Resorts in the 3rd quarter worth $215,000. AE Wealth Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the third quarter worth $226,000. Sei Investments Co. raised its position in shares of Xenia Hotels & Resorts by 27.0% during the third quarter. Sei Investments Co. now owns 11,000 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 2,338 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Xenia Hotels & Resorts during the third quarter worth $267,000. Finally, Algert Global LLC acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $276,000. 72.89% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, March 16th. Morgan Stanley cut their target price on Xenia Hotels & Resorts from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. B. Riley raised Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, February 28th. Finally, ValuEngine lowered Xenia Hotels & Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Xenia Hotels & Resorts has an average rating of “Buy” and an average target price of $22.00.
NYSE:XHR traded down $0.26 during trading hours on Friday, hitting $19.94. 367,866 shares of the company’s stock traded hands, compared to its average volume of 448,020. The firm has a market capitalization of $2,157.92, a price-to-earnings ratio of 9.85, a PEG ratio of 1.97 and a beta of 0.85. Xenia Hotels & Resorts Inc has a twelve month low of $16.66 and a twelve month high of $22.76. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.80.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. The firm had revenue of $259.10 million for the quarter, compared to analyst estimates of $243.21 million. Xenia Hotels & Resorts had a return on equity of 5.99% and a net margin of 10.46%. Xenia Hotels & Resorts’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. equities analysts forecast that Xenia Hotels & Resorts Inc will post 2.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend is Wednesday, March 28th. Xenia Hotels & Resorts’s payout ratio is 53.40%.
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About Xenia Hotels & Resorts
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 October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 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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