Xenia Hotels & Resorts Inc (NYSE:XHR) insider Marcel Verbaas acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was acquired at an average cost of $19.99 per share, for a total transaction of $99,950.00. Following the completion of the transaction, the insider now directly owns 100,726 shares in the company, valued at approximately $2,013,512.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
XHR stock opened at $19.97 on Thursday. The company has a market capitalization of $2.25 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.03. Xenia Hotels & Resorts Inc has a 12-month low of $19.08 and a 12-month high of $25.90. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.63.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). The business had revenue of $241.00 million during the quarter, compared to the consensus estimate of $240.55 million. Xenia Hotels & Resorts had a net margin of 9.93% and a return on equity of 5.96%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. As a group, analysts forecast that Xenia Hotels & Resorts Inc will post 2.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 5.51%. Xenia Hotels & Resorts’s payout ratio is 53.40%.
XHR has been the topic of several analyst reports. Zacks Investment Research raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday, October 5th. B. Riley set a $25.00 price objective on Xenia Hotels & Resorts and gave the company a “hold” rating in a research report on Tuesday, November 6th. ValuEngine cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, Wells Fargo & Co lowered their price objective on Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.67.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in XHR. Eqis Capital Management Inc. bought a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $430,000. Dupont Capital Management Corp lifted its holdings in shares of Xenia Hotels & Resorts by 44.3% during the 2nd quarter. Dupont Capital Management Corp now owns 17,154 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 5,269 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 2.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,348 shares of the real estate investment trust’s stock valued at $2,591,000 after buying an additional 2,471 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $3,156,000. Finally, First Trust Advisors LP lifted its holdings in shares of Xenia Hotels & Resorts by 101.3% during the 2nd quarter. First Trust Advisors LP now owns 269,074 shares of the real estate investment trust’s stock valued at $6,555,000 after buying an additional 135,395 shares during the period. 77.69% of the stock is currently owned by hedge funds and other institutional investors.
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About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,239 rooms, across 17 states and the District of Columbia.
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